EIA: Ethanol Stocks Edge Up

Production, Blender Inputs Down

NEW YORK (DTN) -- The Energy Information Administration issued a mixed ethanol report Wednesday, showing total stockpiles edged up again last week while domestic production and blender inputs fell during the week-ended Aug. 26.

The data showed U.S. ethanol inventories increased 100,000 bbl to 20.9 million bbl for the week reviewed while up 1.9 million bbl or 10.1% year-over-year.

Plant production eased 5,000 bpd to 1.023 million bpd last week, the second straight weekly decline, while up 75,000 bpd or 7.9% year-over-year. For the four weeks ended Aug. 26, domestic ethanol production averaged 1.025 million bpd, 67,000 bpd or 7.0% above the comparable year-ago period.

Net refiner and blender inputs of ethanol, a proxy for demand, fell for the fourth straight week, down 2,000 bpd to 929,000 bpd during the week-ended Aug. 26, while up 8,000 bpd or 0.9% year-over-year. The four-week average blender input rate through Aug. 26 is up 31,000 bpd or 3.4% year-over-year at 907,000 bpd.

EIA also implied motor gasoline demand declined, dropping 148,000 bpd last week to 9.511 million bpd, which was 0.8% higher than the same week in 2015.