OAKHURST, N.J. (DTN) -- The latest Energy Information Administration data detailed a 2.4% drop in domestic ethanol inventories through Feb. 25 as production tumbled 2.6%, moving below the 1 million barrels per day (bpd) mark for only the second time since early October 2021.
EIA reported total ethanol production slid 27,000 bpd to 997,000 bpd, more than 17% higher than the same week in 2021. Four-week average output totaled 1.006 million bpd compared with 838,000 bpd reported in the same four-week period of 2021.
Midwest PADD 2 output dropped 25,000 bpd in the week reviewed to 941,000 bpd, 16% above the corresponding week a year ago.
Net refiner, blender ethanol inputs held higher, up 5,000 bpd through Feb. 25 to 876,000 bpd, a nine-week high and 7.6% above the blend rate during the same week in 2021. At the East Coast PADD 1, the blending rate climbed 6,000 bpd while PADD 2 refiners and blenders reported a dip of 1,000 bpd and the Gulf Coast PADD 3 registered a 3,000 bpd week-on-week decrease.
PADD 1 ethanol stocks dropped 723,000 bbl to a five-week low 7.078 million bbl while PADD 2 supply posted a third straight weekly build, up 499,000 bbl to a 10.788 million bbl fresh record high.
EIA reported a fourth straight weekly draw in PADD 3 ethanol stocks, down 188,000 bbl to a six-week low 3.699 million bbl through Feb. 25 and PADD 5 inventory fell 148,000 bbl to a three-week low 2.983 million bbl.
Overall domestic ethanol supply fell 574,000 bbl to 24.993 million bbl in the week profiled, a three-week low, while 11.2% more than the same week last year.
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