EIA: PADD 1 Gasoline Stocks Hit Lowest Level of 2026

DAVENPORT, FL (DTN) – East Coast (PADD 1) gasoline inventories dropped to the lowest level of 2026 in the week ended March 27, while jet fuel stocks declined for a second straight week, according to data released by the U.S. Energy Information Administration on Wednesday (4/1).

Motor gasoline stocks in PADD 1 fell by 2.7 million bbl to 59.5 million bbl after declining 0.6 million bbl in the previous week and were below the 60.4 million bbl reported in the same week last year. The latest level is the lowest since the start of the year, EIA data showed. Gasoline imports into the East Coast averaged 99,000 bpd, down sharply by 149,000 bpd week-over-week and below the 485,000 bpd imported in the comparable week of 2025.

Jet fuel inventories in PADD 1 decreased by 200,000 bbl to 9.9 million bbl in the week ending March 27 and were below the 10.5 million bbl recorded in the same period last year. The latest level is the lowest since early February, based on EIA data. Imports of the product into the region averaged 41,000 bpd, rebounding from zero the prior week but slightly below the 42,000 bpd imported a year earlier.

Distillate fuel oil inventories in PADD 1 increased by 700,000 bbl to 28.1 million bbl in the week ending March 27 and were above the 25.9 million bbl recorded in the same period a year earlier. Distillate fuel oil imports averaged 105,000 bpd, up 1,000 bpd from the prior week, but below the 125,000 bpd imported in the same week last year.

Refinery utilization on the East Coast declined to 91.2% from 91.9% the previous week, with crude oil inputs increasing slightly by 1,000 bpd to 829,000 bpd, EIA data showed.

Crude oil inventories on the East Coast fell by 600,000 bbl to 8.1 million bbl week-over-week and were slightly below the 8.2 million bbl reported in the same week of 2025. Crude oil imports rose by 177,000 bpd to 661,000 bpd and were well above the 271,000 bpd recorded in the comparable week last year.