NEW YORK (DTN) -- Ethanol stocks in the United States fell by nearly 900,000 barrels (bbl), or 4.3%, to a 5-1/2 month low of 19.8 million bbl in the week-ended June 19, trimming the nation's year-over-year surplus to 1.7 million bbl, or 9.1%, according to a report released Wednesday, June 24, by the U.S. Energy Information Administration.
The stock draws were recorded in all PAD districts except the PADD 4 Rocky Mountain region, the data showed.
The EIA report also showed domestic production increased 14,000 barrels per day (bpd), or 1.4%, to a record high of 994,000 bpd last week. Year-over-year output was up nearly 6.0%.
Blender inputs, a gauge for ethanol demand, eased from a record high last week, falling week-on-week by 10,000 bpd, or 1.1%, to 902,000 bpd, while 1.2% higher year over year.
EIA data showed implied demand for gasoline continued to be volatile, spiking 479,000 bpd to 9.655 million bpd last week, while up 9.6% year over year.
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