EIA: Ethanol Stocks Surge

NEW YORK (DTN) -- Ethanol supply in the United States rose 200,000 barrels (bbl), or 0.9%, to 23.0 million bbl during the week-ended Feb. 23 while plant production plunged 24,000 barrels per day (bpd), or 2.2%, to 1.044 million bpd, according to the latest U.S. Energy Information Administration report.

Compared with data reported a year ago, total supply was down 100,000 bbl, or 0.4%, while plant production was up 10,000 bpd, or 1.0%.

Regionally, stocks increased in the Midwest and along the Gulf Coast, with the data showing gains of 200,000 bbl to 8.5 million bbl and 300,000 bbl to 3.8 million bbl, respectively.

Conversely, the East Coast posted a stock draw of 200,000 bbl to 7.7 million bbl while the West Coast saw a 100,000 bbl draw to 2.6 million bbl during the week profiled.

Net refiner and blender inputs, a measure for ethanol demand, tumbled 9,000 bpd, or 1.0%, last week to 876,000 bpd, down 6,000, or 0.7%, versus a year ago.