OAKHURST, N.J. (DTN) --- Energy Information Administration data shows domestic ethanol stocks increased during the week ended Sept. 7 after two consecutive weekly draws as supply at the Gulf Coast increased by more 5%.
EIA reports ethanol inventories rose 191,000 bbl during the week profiled to 22.894 million bbl, 1.8 million bbl or 8.5% higher than supply held during the same week in 2017.
At the Gulf Coast PADD 3, stockpiles posted the first build in three weeks, up 218,000 bbl to 4.144 million bbl. Inventory moved from a 2.5% year-over-year supply deficit the prior week to a near 8% year-over-year supply surplus.
East Coast PADD 1 supply rose to 7.782 million bbl from 7.718 million bbl the prior week, leaving stocks 18.2% higher than a year ago.
Midwest PADD 2 ethanol supply eased slightly, down 5,000 bbl to 7.733 million bbl and 5.5% above the same week in 2017.
Data showed PADD V West Coast supply declined to 2.887 million bbl from 2.964 million bbl a week earlier.
Plant production slid 67,000 bpd to 1.020 million bpd during the week ended Sept. 7, 2.6% lower than the corresponding week in 2017. Four-week averaged production was 1.062 million bpd versus 1.050 million bpd during the corresponding four-week period in 2017.
Net refiner and blender inputs, a measure for ethanol extended lower, sliding 25,000 bpd to 918,000 bpd during the week ended Sept. 7, which was about 2% higher than a year ago. For the four weeks ended Sept. 7, blending demand averaged 938,000 bpd, 6,000 bpd more than the same period in 2017.
Copyright 2018 DTN/The Progressive Farmer. All rights reserved.