OAKHURST, N.J. (DTN) -- Domestic ethanol inventory increased in the week ended Feb. 7 while production tumbled over 4% and demand dropped about 2%, according to data released Wednesday, Feb. 12, by the Energy Information Administration.
Data show U.S. ethanol supply increased 884,000 barrels (bbl) in the first week of February to 24.358 million bbl, about 4% higher than the same week last year.
Ethanol supply in PADD 1 East Coast posted a build of 374,000 bbl to 8.750 million bbl, a steep 17.3% year-over-year supply surplus while PADD 2 Midwest inventories rose 209,000 bbl to 8.458 million. PADD 2 stocks are 6.3% higher than the corresponding week in 2019.
PADD 3 Gulf Coast ethanol supply gained 193,000 bbl to 4.092 million bbl in the week ended Feb. 7, a roughly 13% year-over-year supply deficit. PADD 5 West Coast ethanol supply added 108,000 to 2.650 million bbl last week.
Plant operators cut production for the third time in four weeks, down 48,000 barrels per day (bpd) or 4.4% to 1.033 million bpd, which was 0.4% more than the same week last year. For the four weeks ended Feb. 7, output averaged 1.048 million bpd versus 1.010 million bpd in the same four weeks of 2019.
Refiner and blender net inputs dropped for the first time in five weeks, down 15,000 bpd or 1.7% to average 873,000 bpd during the week reviewed, down 15,000 bpd from the same week in 2019. During the four weeks ended Feb. 7, blending activity averaged 874,000 bpd, down 4,000 bpd against year ago.
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