OAKHURST, N.J. (DTN) -- Domestic ethanol inventories were drawn down during the week ended Oct. 1 even as production rose for the first time in three weeks, up 7% to an eight-week high, according to the latest Energy Information Administration report released Wednesday.
Overall production increased 64,000 barrels per day (bpd) to 978,000 bpd, the highest level since the first week of August and 6% more than a year earlier. Midwest PADD 2 plant production jumped 71,000 bpd or 8.2% to 937,000 bpd, the highest level since the final week of July.
Total ethanol inventories declined after two weekly builds, falling 289,000 barrels (bbl) to 19.931 million bbl as of Oct. 1, 1% more than stocks held this time in 2020.
East Coast PADD 1 ethanol inventories dropped 264,000 bbl to 6.379 million bbl while Midwest PADD 2 stocks rose 111,000 bbl to 7.190 million bbl.
West Coast PADD 5 supply fell for the first time in three weeks, down 215,000 bbl to 2.853 million bbl, and at the Gulf Coast PADD 3, stocks added 86,000 bbl to 3.129 million bbl.
Blending activity edged up 1,000 bpd to 911,000 bpd, 10.7% above the same time in 2020. Blending activity during the four weeks ended Oct. 1 averaged 904,000 bpd, up 1,000 bpd from four weeks prior.
Midwest PADD 2 blending inputs increased 3,000 bpd in the period profiled, while at the Gulf Coast, demand declined 2,000 bpd. For the four weeks ended Oct. 1, EIA reports PADD 2 blending activity was at 246,000 bpd while PADD 3 activity was 150,000 bpd.
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