EIA: PADD 2 Gasoline Stocks Dip by 900k Bbl on Week

DAVENPORT, FL (DTN) — Midwest PADD 2 gasoline and distillate inventories continued thei downward trend for the week ending October 10, followed by a slight draw on jet fuel, while  crude oil inventories showed a build, according to U.S. Energy Information Administration data released Thursday (10/16).

PADD 2 gasoline stocks decreased by 900,000 bbl to 46.5 million bbl in the profiled week, a 900,000 bbl increase compared to a year earlier. Gasoline imports fell to 14,000 bpd from 18,000 bpd the prior week, compared with zero bpd recorded in the same week a year earlier.

PADD 2 distillate inventories fell by 2 million bbl to 28.4 million bbl in the reference week, which is 400,000 bbl higher than the volume recorded in the same week of the previous year. The region imported 10,000 bpd of distillates, compared with 8,000 bpd the prior week and 10,000 bpd in the same week a year earlier.

Midwest jet fuel inventories fell by 100,000 bbl to 7.5 million bbl in the respective week,  800,000 bbl above the volume reported in the corresponding week a year earlier. The region continued to report zero imports on both a weekly and year-over-year basis. Crude oil inventories in PADD 2 rose by 1.3 million bbl to 102 million bbl in the week ending October 10, compared with 105.2 million bbl reported during the same week of the prior year.