EIA: Ethanol Stocks, Demand Fall

NEW YORK (DTN) -- Total ethanol inventories fell last week despite higher domestic plant production, the U.S. Energy Information Administration reported on Wednesday, Sept. 30.

The report showed ethanol stocks fell 118,000 barrels (bbl), or 0.6%, to 18.782 million bbl during the week-ended Sept. 25 while down 0.2% versus a year ago.

The report showed domestic ethanol production rose 5,000 barrels per day (bpd) to 943,000 bpd while up 62,000 bpd or 7.0% year-on-year.

Blender inputs, a gauge for ethanol demand, fell last week by 11,000 bpd, or 1.2%, to 881,000 bpd while up 2.2% versus a year earlier.

There were no ethanol imports recorded last week, the report showed, after 44,000 bpd of ethanol was imported to the East Coast a week prior.

EIA data showed implied demand for gasoline dropped 194,000 bpd during the week-ended Sept. 25 to 9.021 million bpd, yet was 4.2% higher than the same week a year ago.