Ethanol Stocks, Demand, Output Rose

NEW YORK (DTN) -- The U.S. Energy Information Administration on Wednesday reported ethanol inventories, domestic production and demand all edged higher last week.

The report for the week ended Oct. 2 showed ethanol stocks inched up 30,000 bbl to 18.812 million bbl while up 0.9% versus a year ago.

The report showed domestic ethanol production rose 7,000 bpd to 950,000 bpd while up 5.4% year-on-year.

Blender inputs, a gauge for ethanol demand, nudged up 1,000 bpd to 882,000 bpd while up 2.8% versus a year earlier.

Some 17,000 bpd imports of ethanol were recorded last week, with all of it received by East Coast PADD 1.

Other EIA data showed implied demand for gasoline declined 63,000 bpd during the week-ended Oct. 2 to 8.958 million bpd, but was still 3.6% higher than the same week a year ago.