Source: Energy Information Administration
- This year has not started well for gasoline inventories, with inventories being low across regions of the country.
- The Midwest region (PADD II) had been running lower than most regions, but began to catch up during the last week in April. Gasoline inventories ran about 9% below their 5-year average for this time of year and about 4% below where they were last year.
- The recent refinery problems in the Midwest, though, could erase some of that recovery. The impacts of Toscoís Wood River refinery and Marathonís St Paul refinery are not fully realized.
- But inventories were also precariously low along the East Coast (PADD I) and are extremely low in the Rocky Mountain region (PADD IV), although the size of this market mitigates any national impact. While the Gulf Coast (PADD III) and the West Coast (PADD V) inventories are not as dire as in other regions, they are certainly not abundant.