Ethanol Output Hits 4-Week High

EIA: Ethanol Supply Up as Output Hits 4-Week High

OAKHURST, N.J. (DTN) -- Domestic ethanol inventory increased 1.2% in the final week of February as refiners boosted production for a third consecutive week and blending demand retreated, the Energy Information Administration reported on Wednesday, March 4.

Data show U.S. ethanol supply rose 246,000 barrels (bbl) to 24.964 million bbl, 2.9% higher than same week last year.

Ethanol supply in PADD 1 East Coast declined a second straight week, down 182,000 bbl to 8.551 million bbl, a roughly 9% year-over-year supply surplus while PADD 2 Midwest inventories increased for the first time in three weeks, up 413,000 bbl to 8.645 million. PADD 2 stocks are 2.3% lower than the corresponding week in 2019.

PADD 3 Gulf Coast ethanol supply was little changed at 4.637 million bbl in the week ended Feb. 28, a 2.1% year-over-year supply deficit. PADD 5 West Coast ethanol supply was slightly higher at 2.731 million bbl last week.

Plant operators continued to boost output, with production up 25,000 barrels per day (bpd) in the final week of February to 1.079 million bpd, a four-week high and 5.4% more than the same week last year. For the four weeks ended Feb. 28 output averaged 1.051 million bpd versus 1.019 million bpd in the same four weeks of 2019.

Refiner and blender net inputs fell 5,000 bpd to average 897,000 bpd during the week reviewed, up 2,000 bpd from the same week in 2019. During the four weeks ended Feb. 28, blending activity averaged 892,000 bpd, up 8,000 bpd against year ago.

(BM/AG)