Contents
1. Preface 7
2. Executive Summary 8
3. Summary Regional Findings 11
3.1. PADD 1-East Coast 11
3.2. PADD 2-Midwest 11
3.3. PADD 3-Gulf Coast 12
3.4. PADD 4-Rocky Mountain 12
3.5. PADD 5-est Coast 13
4. Background 14
5. Recent market conditions 19
6. PADD 1 Regional outage review 23
6.1. Summary 23
6.2. Refinery capacity overview 23
6.3. CDU planned maintenance 24
6.4. FCCU planned maintenance 24
6.5. Unplanned outages 25
7. PADD 2 Regional outage review 27
7.1. Summary 27
7.2. Refinery capacity overview 27
7.3. CDU planned maintenance 27
7.4. FCCU planned maintenance 28
7.5. Unplanned outages 29
8. PADD 3 Regional outage review 31
8.1. Summary 31
8.2. Refinery capacity overview 31
8.3. CDU planned maintenance 31
8.4. FCCU planned maintenance 32
8.5. Unplanned outages 32
9. PADD 4 Regional outage review 34
9.1. Summary 34
9.2. Refinery capacity overview 34
9.3. CDU planned maintenance 34
9.4. FCCU planned maintenance 35
9.5. Unplanned outages 36
10. PADD 5 Regional outage review 37
10.1. Summary 37
10.2. Refinery capacity overview 37
10.3. CDU planned maintenance 37
10.4. FCCU planned maintenance 38
10.5. Unplanned outages 38
11. Appendix: Regional sources of supply 41
11.1. PADD 1-East Coast 41
11.1.1. PADD 1A-Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut 41
11.1.2. PADD 1B-New York, Pennsylvania, New Jersey, Delaware, Maryland, Washington DC 44
11.1.3. PADD 1C-West Virginia, Virginia, North Carolina, South Carolina, Georgia, Florida 47
11.2. PADD 2-Midwest 50
11.3. PADD 3-Gulf Coast 53
11.4. PADD 4-Rocky Mountain 56
11.5. PADD 5-West Coast 59
Table 1. Planned outages, percent of available capacity 9
Table 2. PADD 1 planned CDU outages 24
Table 3. PADD 1 planned FCCU outages 25
Table 4. PADD 1 unplanned CDU outages 26
Table 5. PADD 1 unplanned FCCU outages 26
Table 6. PADD 2 planned CDU outages 28
Table 7. PADD 2 planned FCCU outages 29
Table 8. PADD 2 unplanned CDU outages 30
Table 9. PADD 2 unplanned FCCU outages 30
Table 10. PADD 3 planned CDU outages 32
Table 11. PADD 3 planned FCCU outages 32
Table 12. PADD 3 unplanned CDU outages 33
Table 13. PADD 3 unplanned FCCU outages 33
Table 14. PADD 4 planned CDU outages 35
Table 15. PADD 4 planned FCCU outages 35
Table 16. PADD 4 unplanned CDU outages 36
Table 17. PADD 4 unplanned FCCU outages 36
Table 18. PADD 5 planned CDU outages 38
Table 19. PADD 5 planned FCCU outages 38
Table 20. PADD 5 unplanned CDU outages 40
Table 21. PADD 5 unplanned FCCU outages 40
Figure 1. Seasonal variation in U.S. petroleum consumption (January 2010-November 2014) 15
Figure 2. Seasonal variation in monthly U.S. refinery utilization (January 2010-November 2014) 16
Figure 3. Nymex and ICE futures prices of crude oil, distillate fuel and gasoline 17
Figure 4. Regional distillate inventories as of February 20, 2015 21
Figure 5. Regional motor gasoline inventories as of February 20, 2015 22
Figure 6. PADD 1A petroleum product flows 42
Figure 7. PADD 1A motor gasoline supply-demand balance 43
Figure 8. PADD 1A distillate supply-demand balance 44
Figure 9. PADD 1B petroleum product flows 45
Figure 10. PADD 1B motor gasoline supply-demand balance 46
Figure 11. PADD 1B distillate supply-demand balance 47
Figure 12. PADD 1C petroleum product flows 48
Figure 13. PADD 1C motor gasoline supply-demand balance 49
Figure 14. PADD 1C distillate supply-demand balance 50
Figure 15. PADD 2 petroleum product flows 51
Figure 16. PADD 2 motor gasoline supply-demand balance 52
Figure 17. PADD 2 distillate supply-demand balance 53
Figure 18. PADD 3 petroleum product flows 54
Figure 19. PADD 3 motor gasoline supply-demand balance 55
Figure 20. PADD 3 distillate supply-demand balance 56
Figure 21. PADD 4 petroleum product flows 57
Figure 22. PADD 4 motor gasoline supply-demand balance 58
Figure 23. PADD 4 distillate supply-demand balance 59
Figure 24. PADD 5 petroleum product flows 60
Figure 25. PADD 5 motor gasoline supply-demand balance 61
Figure 26. PADD 5 distillate supply-demand balance 62