OAKHURST, N.J. (DTN) -- The latest Energy Information Administration data show ethanol inventories in the United States edged higher as production remains strong while demand moved to an eight-week high through Feb. 18.
EIA reported domestic ethanol production rose 15,000 barrels per day (bpd) or 1.5% last week to 1.009 million bpd, above 1 million bpd for 19 of the last 20 weeks. The four-week average output totaled 1.017 million bpd, up from 1.02 million bpd four weeks earlier and above the 860,000-bpd level reported in the same four-week period of 2021.
Midwest PADD 2 output continued higher, up 17,000 bpd last week to 966,000 bpd, 53.1% above the corresponding week a year ago.
Data show net refiner, blender ethanol inputs through Feb. 18 increased 36,000 bpd to 871,000 bpd, the highest level since the week ended Dec. 24, 2021, and 20.1% higher than the same time in 2021.
At the East Coast PADD 1, the blending rate rose 10,000 bpd while PADD 2 refiners and blenders reported a hike of 14,000 bpd and the Gulf Coast PADD 3 an 11,000-bpd week-on-week increase.
PADD 1 ethanol stocks decreased 39,000 barrels (bbl) to 7.801 million bbl, while PADD 2 supply rose 138,000 bbl to 10.289 million bbl.
EIA reported PADD 3 ethanol stocks declined a third straight week, down 116,000 bbl to 3.883 million bbl through Feb. 18 and PADD 5 inventory added 54,000 bbl to 3.131 million bbl.
Overall domestic ethanol supply added 24,000 bbl to 25.507 million bbl in the week profiled, 11.8% more than the same week last year.
(c) Copyright 2022 DTN, LLC. All rights reserved.