EIA: PADD 3 Distillate Stocks Rebound From 3-Year Low

DAVENPORT, FL (DTN) – U.S. Gulf Coast (PADD 3) distillate fuel oil inventories increased during the week ended May 15 after falling to a more than three-year low the prior week, while gasoline inventories declined, jet fuel balances moved lower, and crude oil stocks continued to fall, according to data released Wednesday (5/20) by the U.S. Energy Information Administration.

PADD 3 distillate fuel oil inventories, the feedstock for diesel, increased by 2.6 million bbl to 41.6 million bbl in the profiled week and remained below the 43.2 million bbl recorded in the same week last year. Despite the increase, inventories remained near historically tight levels after falling to 38 million bbl two weeks earlier, the lowest level since the week ended March 17, 2023.

Jet fuel inventories in PADD 3 declined by 1.6 million bbl to 14.4 million bbl during the reference week and were above the 13.2 million bbl reported in the comparable week last year. As a net exporter of distillate and jet fuel, PADD 3 does not report imports of those products.

Motor gasoline inventories in PADD 3 declined by 800,000 bbl to 79.6 million bbl and were below the 85.0 million bbl reported in the same week last year. Motor gasoline imports into the Gulf Coast averaged zero bpd last week compared with 16,000 bpd in the prior week and 26,000 bpd during the comparable week last year.

Crude oil stocks in PADD 3 declined by 4 million bbl week-over-week to 259.2 million bbl and remained above the 251.3 million bbl recorded in the same week of 2025. Imports into the Gulf Coast increased by 415,000 bpd to 1.549 million bpd and were above the 1.091 million bpd recorded in the comparable week last year.

Refinery utilization on the Gulf Coast increased to 97.2% from 96.4% the previous week, while crude oil inputs slipped by 66,000 bpd to 9.341 million bpd, EIA data showed