Slide 10 of 11
Notes:
- Continued mild weather and the new supply that arrived allowed stocks in the Northeast to stop dropping and hold steady.
- At the national level, stocks dropped a little further, but entered the low end of the normal band in March.
- EIA is not projecting a large recovery over the summer, but because refineries are forecast to run at high utilization rates, they may produce more distillate than expected and allow us to rebuild to more comfortable levels.
