OAKHURST, N.J. (DTN) -- Domestic ethanol inventories fell nearly 2% last week as production slipped and blending demand edged higher, Energy Information Administration data released Wednesday shows.
EIA reported ethanol supply fell about 400,000 barrels (bbl), or 1.8%, to 22.4 million bbl during the week-ended March 30, 1.3 million bbl, or 5.5%, lower than a year ago.
Plant production dipped 1,000 barrels per day (bpd) on the week to 1.038 million bpd, down 19,000 bpd, or 1.9%, from the same week in 2017. For the four-week period ended March 30, production averaged 1.038 million bpd, down 2,000 bpd versus same period in 2017.
Net refiner and blender inputs, a measure for ethanol demand, gained 3,000 bpd during the week profiled to 903,000 bpd, down 15,000, or 1.6%, versus a year ago. For the four weeks ended March 30, blending demand averaged 907,000 bpd, down 7,000 bpd versus same period in 2017.
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