EIA: Ethanol Stocks, Output Up

NEW YORK (DTN) -- U.S. fuel ethanol inventories, plant production and blending demand all increased last week after falling week prior, according to the Energy Information Administration.

The EIA's Weekly Petroleum Status Report for the week-ended April 14 showed fuel ethanol inventories rose by roughly 100,000 barrels (bbl) to 23.0 million bbl, up 1.0 million bbl, or 4.5%, year over year.

Regionally, PADD 1 East Coast stocks increased 100,000 bbl to a one-year high of 8.2 million bbl last week, while PADD 2 Midwest stocks were flat at 7.9 million bbl and PADD 3 Gulf Coast edged up 100,000 bbl to 4.2 million bbl. PADD 5 West Coast stocks were down 100,000 bbl to 2.4 million bbl, the data shows.

Domestic plant production rose 7,000 barrels per day (bpd), or 0.7%, to 993,000 bpd last week, while 54,000 bpd, or 5.8%, higher year over year. For the four weeks ended last week, fuel ethanol production averaged 1.013 million bpd, up 52,000 bpd, or 5.4%.

Net refiner and blender inputs, a gauge for ethanol demand, increased by 4,000 bpd to 912,000 bpd during the week-ended April 14, while up 19,000 bpd, or 2.1%, over a year-ago level. For the four-week period ended April 14, blending demand were up 15,000 bpd, or 1.7%.