OAKHURST, N.J. (DTN) -- A 356,000-barrel (bbl) build in ethanol stocks in the United States pushed total supply to a 23.365 million bbl eight-week high during the week-ended July 12, according to the Energy Information Administration as U.S. plant production moved off a five-week low and blending demand continued lower.
The stock build was concentrated in the Gulf Coast PADD 3 with a build of 326,000 bbl to 4.902 million bbl in the week profiled, a better than 4% year-over-year supply surplus. Ethanol stocks at the Midwest PADD 2 declined 50,000 bbl to 8.284 million bbl yet were nearly 14% higher than a year ago.
Ethanol supply in the PADD 1 East Coast added 46,000 bbl to 7.226 million bbl, up 1.4% versus the same week in 2018. Ethanol stocks declined 6,000 bbl to 326,000 bbl in PADD 4 Rocky Mountains, and added 40,000 bbl to 2.627 million bbl in PADD 5 West Coast.
Domestic ethanol production increased 19,000 barrels per day (bpd) to 1.066 million bpd, a two-week high and 0.2% above year ago. For the four weeks ended July 12, U.S. ethanol plant production averaged 1.066 million bpd, up 7,000 bpd or 1% against a year ago.
Refiner and blender net ethanol inputs averaged 910,000 bpd last week, down 33,000 bpd from the previous week and 3,000 bpd or 0.3% below the year-ago blend rate. For the four weeks ended July 12, ethanol-blending demand averaged 938,000 bpd, about 3,000 bpd more than during the comparable year-ago period.
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