EIA Weekly Ethanol Report
EIA: US Ethanol Stocks Climb 11.5% Year-Over-Year
HOUSTON (DTN) -- Ethanol production in the United States averaged 1.119 million barrels per day (bpd) in the week ended Jan. 16, down 77,000 bpd week-on-week and 12,000 bpd, or 1.1%, higher than in the same week last year, the Energy Information Administration reported on Wednesday. Four-week average output at 1.119 million bpd was 26,000 bpd above the same four weeks last year.
Midwest ethanol production averaged 1.066 million bpd, down 73,000 bpd week-on-week and 21,000 bpd, or 2%, higher than in the same week last year. Four-week average output at 1.062 million bpd was 31,000 bpd above the same four weeks last year.
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Ethanol blending activity in the U.S. averaged 852,000 bpd, up 11,000 bpd week-on-week and 68,000 bpd, or 7.4%, lower than in the same week last year. Four-week average blending demand at 875,000 bpd was 12,000 bpd below the same four weeks last year.
Blender inputs at the East Coast were up 3,000 bpd on the week while inputs in the Midwest were down 2,000 bpd, up 2,000 bpd on the Gulf Coast and up 7,000 bpd on the West Coast.
Domestic ethanol inventories ended the week at 25.739 million bbl, up 1.266 million bbl week-on-week and 2.665 million bbl, or 11.5%, higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 7.313 million bbl, up 492,000 bbl week-on-week and 542,000 bbl, or 8%, higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 10.62 million bbl, up 140,000 bbl week-on-week and 1.521 million bbl, or 16.7%, higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 4.964 million bbl, up 650,000 bbl week-on-week and 664,000 bbl, or 15.4%, higher than in the same week last year.
West Coast PADD 5 inventories ended the week at 2.455 million bbl, down 18,000 bbl week-on-week and 69,000 bbl, or 2.7%, lower than in the same week last year.
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