OAKHURST, N.J. (DTN) -- Domestic ethanol inventories through the week ended March 11 were at the highest level since the final week of April 2020 as production remains strong, with plant output above the 1-million-barrel-per-day (bpd) run rate, and demand mixed among the major consuming regions, the latest Energy Information Administration data show.
Total ethanol production dipped 2,000 bpd to 1.026 million bpd, about 6% more than a year ago, while the four-week average output totaled 1.019 million bpd, up 4,000 bpd from the prior four-week period.
EIA reports Midwest PADD 2 output decreased 6,000 bpd to 917,000 bpd, 4.6% above the corresponding week a year ago.
Net refiner, blender ethanol inputs ticked slightly higher, up 1,000 bpd through March 11 to 897,000 bpd, an 11-week high and 7.3% above the same time last year.
At the East Coast PADD 1, the blending rate rose 5,000 bpd while PADD 2 refiners and blenders reported a decline of 1,000 bpd and the Gulf Coast PADD 3 registered a 2,000-bpd week-over-week increase.
PADD 1 ethanol stocks edged up slightly to 7.852 million, a 13-month high, while PADD 2 supply gained for the fourth time in five weeks, up 207,000 barrels (bbl) to 10.427 million bbl as of March 11.
EIA data show PADD 3 ethanol stocks continued higher a second week, up 599,000 bbl to a better-than-one-year high 4.714 million bbl last week while PADD 5 inventory fell a third week, down 121,000 bbl to an eight-week low 2.590 million bbl.
Overall domestic ethanol supply increased a second week, up 674,000 bbl to 25.945 million bbl as of March 11, a near-two-year high.
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