Weekly Ethanol Stocks, Production Down

NEW YORK (DTN) -- Ethanol stocks in the United States decreased by 100,000 barrels (bbl), or 0.5%, to 19.7 million bbl in the week-ended July 10 while up 10.0% from a year earlier, according to a U.S. Energy Information Administration report released Wednesday, July 15.

Regionally, a steep stock build along the PADD 1 East Coast was offset by drawdowns along the PADD 5 West Coast and PADD 3 Gulf Coast while PADD 2 Midwest showed a modest 100,000 bbl stock draw.

The EIA report also showed domestic production reversed lower, falling last week by 3,000 barrels per day (bpd) to 984,000 bpd. Year-over-year output was up 4.3%.

Blender inputs, a gauge for ethanol demand, extended lower last week, down week-on-week by 23,000 bpd, or 2.5%, to 881,000 bpd, while 3.5% higher year over year.

Implied demand for gasoline dropped 128,000 bpd, or 1.3%, to 9.404 million bpd for the week profiled, EIA said.