OAKHURST, N.J. (DTN) -- Domestic ethanol inventory extended higher during the second week of February as refiners ramped up production nearly 1% and while demand rose to the highest level since late December 2019, according to data released Thursday, Feb. 20, by the Energy Information Administration.
Data show U.S. ethanol supply increased 423,000 barrels (bbl) in the week ended Feb. 14 to 24.781 million bbl, about 4% higher than same week last year.
Ethanol supply in PADD 1 East Coast continued higher for a second week, up 64,000 bbl to 8.814 million bbl, a 14.3% year-over-year supply surplus, while PADD 2 Midwest inventories dropped 111,000 bbl to 8.347 million. PADD 2 stocks are 2.5% higher than the corresponding week in 2019.
PADD 3 Gulf Coast ethanol supply increased for a second week, up 312,000 bbl to 4.404 million bbl in the week ended Feb. 14, but a 12% year-over-year supply deficit. PADD 5 West Coast ethanol supply held higher for a second week, up 157,000 to 2.807 million bbl.
Plant operators increased production 7,000 barrels per day (bpd) to 1.040 million bpd, which was 4.4% more than the same week last year. For the four weeks ended Feb. 14, output averaged 1.045 million bpd versus 1.001 million bpd in the same four weeks of 2019.
Refiner and blender net inputs recouped the prior-week drop and then some, up 23,000 bpd or 2.6% to average 896,000 bpd during the week reviewed, an eight-week high and up 9,000 bpd from the same week in 2019. During the four weeks ended Feb. 14, blending activity averaged 882,000 bpd, up 3,000 bpd against a year ago.
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