OAKHURST, N.J. (DTN) -- Fuel ethanol inventories in the Midwest PADD 2 rose to a new record, with total domestic stocks at their highest level since the end of April 2020 with production topping 1 million barrels per day (bpd) for more than four months.
EIA data show U.S. ethanol production up 6,000 bpd in the week ended Jan. 28 to 1.041 million bpd, holding over 1 million bpd for a 17th straight week. Output for the week profiled was 11.2% more than the same time in 2021.
PADD 2 output added 2,000 bpd last week to 918,000 bpd while 9.7% above the corresponding week a year ago.
Net refiner, blender ethanol inputs rose 24,000 bpd or 3% through Jan. 28 to 819,000 bpd, 5.3% higher than the same time in 2020.
At the East Coast PADD 1, the blending rate climbed 2.1% while PADD 2 refiners and blenders reported a 6.2% hike with the Gulf Coast PADD 3 showing a 1.5% uptick.
EIA data show PADD 1 ethanol stocks increased 588,000 barrels (bbl) to 7.503 million bbl, the highest level since March 19, 2021, while PADD 2 supply rose a sixth straight week, up 400,000 bbl to a fresh record at 10.507 million bbl.
PADD 3 ethanol stocks gained a second week, up 88,000 bbl to 4.346 million bbl as of Jan. 28, the highest level since end of April 2021, while PADD 5 inventory increased a fourth week, rising 289,000 bbl to a 3.073 million bbl better-than 20-week high.
The agency reports overall domestic ethanol supply up a fourth week, rising 1.378 million bbl to 25.854 million bbl.
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