EIA Weekly Ethanol Report
EIA: Ethanol Stocks Edge Lower on Week, Up 11% on Year
VIENNA (DTN) -- Ethanol production in the United States averaged 1.11 million barrels per day (bpd) in the week ended Aug. 28., the Energy Information Administration reported on Wednesday. That's down 2,000 bpd week-on-week and 35,000 bpd, or 3.3%, higher than in the same week last year. Four-week average output at 1.107 million bpd was 30,000 bpd above the same four weeks last year.
Midwest ethanol production averaged 1.053 million bpd, down 9,000 bpd week-on-week and 32,000 bpd, or 3.1%, higher than in the same week last year. Four-week average output at 1.051 million bpd was 29,000 bpd above the same four weeks last year.
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Ethanol blending activity in the U.S. averaged 940,000 bpd, up 17,000 bpd week-on-week and 25,000 bpd, or 2.7%, higher than in the same week last year. Four-week average blending demand at 926,000 bpd was 1,000 bpd above the same four weeks last year.
Blender inputs at the East Coast were unchanged from last week, while inputs in the Midwest were up 13,000 bpd, up 4,000 bpd on the Gulf Coast and down 2,000 bpd on the West Coast.
Domestic ethanol inventories ended the week at 25.035 million bbl, down 171,000 bbl week-on-week and 2.471 million bbl, or 11%, higher than in the same week last year.
East Coast PADD 1 inventories ended the week at 7.592 million bbl, up 340,000 bbl week-on-week and 794,000 bbl, or 11.7%, higher than in the same week last year.
Midwest PADD 2 inventories ended the week at 9.44 million bbl, down 605,000 bbl week-on-week and 348,000 bbl, or 3.8%, higher than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 5.249 million bbl, up 133,000 bbl week-on-week and 1.296 million bbl, or 32.8%, higher than in the same week last year.
West Coast PADD 5 inventories ended the week at 2.421 million bbl, down 43,000 bbl week-on-week and 44,000 bbl, or 1.9%, higher than in the same week last year.
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