EIA: Ethanol Stocks Flat

NEW YORK (DTN) -- The Energy Information Administration's weekly supply report released Wednesday, Sept. 20, showed total ethanol inventory was unchanged for the third straight week while both plant production and blending demand declined during the week-ended Sept. 15.

The EIA's Weekly Petroleum Status Report showed fuel ethanol stocks were steady at 21.1 million barrels (bbl) while posting a 1.1 million bbl, or 5.5%, year-on-year surplus.

Domestic plant production fell 14,000 barrels per day (bpd), or 1.3%, to 1.033 million bpd during the week reviewed, while up 51,000 bpd, or 5.3%, year-on-year. For the four weeks ended last week, fuel ethanol production averaged 1.045 million bpd, up 43,000 bpd or 4.3%.

Net refiner and blender inputs, a gauge for ethanol demand, decreased 3,000 bpd to 898,000 bpd, while down 22,000 bpd, or 2.4%, year-on-year. For the four-week period ended Sept. 15, blending demand is down 7,000 bpd. or 0.8%.

The report also showed gasoline demand declined 178,000 bpd to 9.441 million bpd during the week-ended Sept. 15, down 2.2% versus the same week in 2016. Over the last four weeks, gasoline product supplied averaged over 9.517 million bpd, down 0.2% from a year ago.