EIA: Ethanol Stocks Up 3.5% on Week

OAKHURST, N.J. (DTN) -- Ethanol supply in the United States returned to the upside after a one week decline, rising for the sixth time in seven weeks while domestic plant production continued higher, the Energy Information Administration reported Wednesday, Aug. 14.

Overall supply added 766,000 barrels (bbl) in the week ended Aug. 9 to 23.883 million bbl, 3.9% more than the same week in 2018.

EIA data shows ethanol stocks rose for the first time in five weeks in the PADD 2 Midwest producer region, up 217,000 bbl to 7.854 million bbl, an increase of 2.6% versus the same week last year.

Ethanol inventory increased in the destination markets, with PADD 1 East Coast supply up for a second week, rising 82,000 bbl to 7.493 million bbl, 3.9% more than during the comparable week a year ago. PADD 3 Gulf Coast inventory added 128,000 bbl last week to 5.049 million bbl, down 3.8% compared with last year, while PADD 5 West Coast stockpiles rose 339,000 bbl to 3.137 million bbl, 24% above year ago.

Agency data showed output at U.S. production plants rose for a second straight week, up 5,000 barrels per day (bpd), or 0.5%, in the week ended Aug. 9 to 1.045 million bpd. Plant output is down 27,000 bpd, or 2.5%, against a year ago. During the four weeks ended Aug. 9, U.S. plant production averaged 1.039 million bpd compared to a 1.077 million bpd production rate during the comparable period a year ago.

Net ethanol inputs by refiners and blenders increased 22,000 bpd, or 2.3%, to 967,000 bpd, 2% more than the same week in 2018. During the four weeks ended Aug. 9, the ethanol blend rate averaged 953,000 bpd which compares with 944,000 bpd a year ago.