EIA: Ethanol Stocks Jump to 6-Week High

CRANBURY, N.J. (DTN) -- Ethanol inventory in the United States increased a sharp 1.2 million barrels (bbl) from a one-year low to a 22.8 million bbl six-week high during the week ended June 28, the Energy Information Administration reported on Wednesday, July 3.

EIA showed ethanol supply increased in all the major PADD regions during the week profiled except PADD 4, with stocks in the Rocky Mountains unchanged at 400,000 bbl.

Both PADD 1 East Coast and PADD 2 Midwest inventory increased 400,000 bbl to 7.5 million bbl and 8.1 million bbl, respectively, with supply in both regions 500,000 bbl more than during the comparable week a year ago. PADD 3 Gulf Coast stocks gained 300,000 bbl during the final week of June to 4.1 million bbl, which is 700,000 bbl below the same week a year ago. PADD 5 West Coast inventory increased 200,000 bbl to 2.8 million bbl, with supply 600,000 bbl above the year-ago stock level.

Plant production in the United States increased 9,000 barrels per day (bpd) to 1.081 million bpd, matching the second highest output rate of 2019. U.S. plant output averaged 1.082 million bpd during the four weeks ended June 28, 18,000 bpd, or 1.7%, above the comparable year-ago rate.

Net refiner and blender net inputs slipped 4,000 bpd to 947,000 bpd during the profiled week, and averaged 948,000 bpd during the four weeks ended June 28, up 3,000 bpd against the year-ago blend rate.