OAKHURST, N.J. (DTN) -- Ethanol inventory in the United States moved off the lowest level in two years, up over 4% in the second week of October as ethanol plant production increased for a third straight week, the Energy Information Administration reported on Thursday, Oct. 17.
Ethanol stock levels rose across all the PADDs, with the greatest gain reported at the Gulf Coast PADD 3.
PADD 3 Gulf Coast inventory rose 277,000 barrels (bbl) to 4.553 million bbl during the profiled week, about 100,000 bbl more than a year ago, while PADD 1 East Coast stocks added 137,000 bbl to 7.029 million bbl, 1.2 million bbl less than the same week in 2018. PADD 5 West Coast inventory rose 190,000 bbl to 3.237 million bbl, flat year on year.
In the producer PADD 2 region, ethanol inventory rose 216,000 bbl to 6.888 million bbl, 1 million bbl below year ago.
Ethanol output at U.S. plants gained 8,000 barrels per day (bpd) to 971,000 bpd during the profiled week, with output in the Midwest at 905,000 bpd for a gain of 15,000 bpd. Compared with year ago, U.S. plant production is down 40,000 bpd, or 4%. During the four weeks ended Oct. 11, plant production averaged 959,000 bpd, 67,000 bpd below the comparable output rate a year ago.
Refiner and blender net ethanol inputs increased 25,000 bpd to 942,000 bpd, while 9,000 bpd above a year ago. During the four weeks ended Oct. 11, blending demand averaged 929,000 bpd, up 13,000 bpd against the corresponding period in 2018.
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