OAKHURST, N.J. (DTN) -- Domestic ethanol inventory held higher in the week ended Jan. 10 as plant production jumped over 3% to near the all-time-record high reached a little more than two years ago, according to data released Wednesday, Jan. 15, by the Energy Information Administration.
Data show U.S. ethanol supply increased for a second consecutive week, up 544,000 barrels (bbl) in the week ended Jan. 10 to 23.006 million bbl, a 15-week high while about 2% below the same week last year.
Ethanol supply in PADD 1 East Coast was higher for a second week, up 112,000 bbl to 7.496 million bbl, a roughly 3% year-over-year supply surplus while PADD 2 Midwest inventories declined for the first time in four weeks, down 123,000 bbl to 8.003 million bbl. PADD 2 stocks are on par with the corresponding week in 2019.
PADD 3 Gulf Coast ethanol supply posted a second straight weekly increase, up 563,000 bbl to 4.320 million bbl in the week ended Jan. 10, 6.5% lower than the same week in 2018. PADD 5 West Coast ethanol supply declined 25,000 bbl to 2.774 million bbl during the week reviewed.
Plant operators ramped up production after two straight weekly declines, up 33,000 barrels per day (bpd) to 1.095 million bpd, not far off the record 1.108 million bpd reached in the first week of December 2017 and 4.2% more than the same week last year. For the four weeks ended Jan. 10, output averaged 1.077 million bpd versus 1.026 million bpd in the same four weeks a year earlier.
Refiner and blender net inputs rose for the first time in three weeks, up 53,000 bpd to average 854,000 bpd during the week reviewed, down 8,000 bpd from the same week in 2019. During the four weeks ended Jan. 10, blending activity averaged 869,000 bpd, down 1,000 bpd against year ago.
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