EIA Report Shows Declines

EIA: Ethanol Stocks, Blending Demand and Production Declined

Brian L Milne
By  Brian L. Milne , DTN Refined Fuels Editor

NEW YORK (DTN) -- The Energy Information Administration issued a report Thursday showing another weekly decline for domestic fuel ethanol inventories, with plant production and blending demand also down during the week-ended June 30.

The EIA's Weekly Petroleum Status Report showed ethanol inventories fell 200,000 bbl, or 0.9% to 21.6 million bbl last week, eliminating a year-over-year surplus. Regionally, supplies were drawn down in the East and West coasts and Midwest.

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Domestic plant production declined 1,000 bpd to 1.014 million bpd during the week reviewed, while up 30,000 bpd or 3.0% year-on-year. For the four weeks ended last week, fuel ethanol production averaged 1.006 million bpd, up 16,000 bpd or 1.6%.

Net refiner and blender inputs -- a gauge for ethanol demand -- fell 16,000 bpd or 1.7% to 945,000 bpd. Blending demand eased 12,000 bpd or 1.3% year-on-year. For the four-week period ended June 30, blending demand were up 5,000 bpd or 0.5%.

Brian Milne can be reached at brian.milne@dtn.com

(BE)

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Brian Milne