PADD 1 Distillates Inventories Reach 5-Month Low

DAVENPORT, FL (DTN) – East Coast (PADD 1) distillate fuel oil inventories declined sharply in the week ended April 24, falling to the lowest level since early December, while gasoline stocks also moved lower, jet fuel inventories increased, and crude oil inventories declined, according to data released by the U.S. Energy Information Administration on Wednesday (4/29).

Distillate fuel oil inventories in PADD 1 declined by 1.1 million bbl to 25.9 million bbl in the respective week and were above the 24.6 million bbl recorded in the same period last year. The latest level is the lowest since the week ended December 5 of last year, when inventories stood at 28.6 million bbl. Distillate fuel oil imports averaged 88,000 bpd, down by 71,000 bpd from the prior week but above the 42,000 bpd imported in the same week last year.

Motor gasoline stocks in PADD 1 fell by 1.7 million bbl to 55.6 million bbl in the week ended April 24, EIA data showed and were below the 57.3 million bbl recorded in the same week last year. The latest level is the lowest since the week ended December 19, when inventories stood at 53 million bbl. Gasoline imports into the East Coast averaged 176,000 bpd, down by 156,000 bpd week-over-week and below the 489,000 bpd imported in the comparable week of the prior year.

Crude oil inventories on the East Coast declined by 300,000 bbl to 7.6 million bbl week-over-week and were below the 8.6 million bbl reported in the same week of 2025. Crude oil imports fell sharply by 507,000 bpd to 136,000 bpd and were well below the 464,000 bpd recorded in the comparable week last year.

Jet fuel inventories in PADD 1 increased by 800,000 bbl to 10.9 million bbl in the reference week and were above the 10.1 million bbl recorded in the same period last year. Imports of the product into the region averaged 13,000 bpd, up from 1,000 bpd the prior week but below the 42,000 bpd imported a year earlier.

Refinery utilization on the East Coast increased to 86.1% from 84.7% the previous week, with crude oil inputs rising to 789,000 bpd, EIA data showed.