NEW YORK (DTN) -- The Energy Information Administration released a mixed weekly report Wednesday morning showing total ethanol inventory, plant production and blending demand all increased during the week-ended Sept. 29.
The EIA's Weekly Petroleum Status Report showed fuel ethanol stocks surged by 800,000 bbl or 3.9% to a 21.5 million bbl six-week high, with a year-over-year surplus at 1.3 million bbl or 6.4%.
Most of the stock build occurred in the PADD 1 East Coast, where ethanol supply increased by 900,000 bbl or 13.6% to 7.5 million bbl last week, a two-month high. A 300,000 bbl stock increase in PADD 2 Midwest offset a 300,000 bbl stock decline in PADD 3 Gulf Coast.
Domestic plant production rose by 14,000 bpd or 1.4% to 1.010 million bpd during the week reviewed, while up 30,000 bpd or 3.1% year-over-year. For the four weeks ended last week, ethanol production averaged 1.021 million bpd, up 33,000 bpd or 3.3%.
Net refiner and blender inputs, a gauge for ethanol demand, increased 13,000 bpd or 1.4% to a 930,000 bpd five-week high while up 11,000 bpd or 1.2% year-over-year. For the four-week period ended Sept. 29, blending demand averaged 912,000 bpd, down 5,000 bpd or 0.5%.
Brian Milne can be reached at firstname.lastname@example.org
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