OAKHURST, N.J. (DTN) -- Domestic ethanol inventories moved higher in the week ended Oct. 29 as production continued to increase, nearing a level not achieved since early December 2017, the latest data from the Energy Information Administration show.
Overall production increased for a fifth consecutive week, up 1,000 barrels per day (bpd) to 1.107 million bpd, just shy of the 1.108 million-bpd output rate for the first week of December 2017 while 15.2% above the same week in 2020.
Midwest PADD 2 plant production held at a record 1.051 million bpd, 15.1% higher than output during the corresponding week last year.
Total ethanol inventories gained 204,000 barrels (bbl) to a five-week high 20.129 million bbl as of Oct. 29, 2% above stocks on hand during this time last year.
East Coast PADD 1 ethanol inventories decreased a second week, down 35,000 bbl to 5.764 million bbl, while Midwest PADD 2 stocks gained 197,000 bbl to 7.685 million bbl.
West Coast PADD 5 supply fell 153,000 bbl to 2.822 million bbl, and data show Gulf Coast PADD 3 stocks rose 179,000 bbl to 3.515 million bbl.
Blending activity dropped 11,000 bpd to 902,000 bpd, 7.9% above the same time in 2020. Blending activity during the four weeks ended Oct. 29 averaged 905,000 bpd versus 848,000 bpd during the same four weeks in 2020.
Midwest blending was again lower, down 3,000 bpd in the week under review, while at the Gulf Coast, demand was unchanged on the week. For the four weeks ended Oct. 29, EIA data show PADD 2 blending activity was at 243,000 bpd while PADD 3 activity was 152,000 bpd.
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