EIA: Ethanol Supply Builds

EIA: Ethanol Supply Builds

CRANBURY, N.J. (DTN) -- The supply of ethanol in the United States increased during the week-ended July 15 while production from domestic plants averaged a record high at more than 1.0 million barrels per day (bpd), data released Wednesday, July 20, by the Energy Information Administration shows.

The EIA reported a 100,000-barrel (bbl) build in ethanol supply to 21.2 million bbl after showing a 500,000-bbl drawdown during the first week of July. As of July 15, ethanol inventory was 1.6 million bbl, or 8.2%, more than year prior.

Ethanol supply in the PADD 1 East Coast region was drawn down 300,000 bbl to 7.5 million bbl during the week reviewed while increasing 100,000 bbl to 6.4 million bbl in the PADD 2 Midwest. Ethanol supply also increased in the PADD 3 Gulf Coast by 200,000 bpd to 4.4 million bbl, while flat in the PADD 4 Rocky Mountains at 300,000 bbl. Ethanol supply in the PADD 5 West Coast was unchanged at 2.5 million bbl.

The increase in available ethanol supply came alongside a 25,000 ramp-up in ethanol plant production to a 1.029 million bpd record high, which is 56,000 bpd, or 5.8%, above the comparable year-ago output rate. During the four weeks ended July 15, ethanol plant production averaged 1.005 million bpd, 27,000 bpd, or 2.8%, above the same four weeks in 2015.

Refiner and blender net inputs of ethanol increased 15,000 bpd to 934,000 bpd, 37,000 bpd, or 4.1%, above year-prior blending volume. During the four weeks ended July 15, ethanol blending activity by refiners and blenders averaged 940,000 bpd, 43,000 bpd or 4.8% above year prior.

Gasoline supplied to market increased 115,000 bpd to 9.785 million bpd during the week reviewed, and averaged 9.73 million bpd during the four weeks ended July 15, 126,000 bpd or 1.3% above year prior.

(BM/AG)