Ethanol Stocks Down 5th Week

EIA: US Ethanol Stocks Down for Fifth Week, Demand Marks 7-Week High

OAKHURST, N.J. (DTN) -- Domestic ethanol inventory retreated for a fifth straight week through April 29, easing 0.4% to the lowest level since mid-January with demand reaching a seven-week high, according to Energy Information Administration data released on Wednesday, May 4.

Blending activity rose 10,000 barrels per day (bpd) nationally to 895,000 bpd in the week reviewed, up 8,000 bpd from a year earlier. Data show refiner and blender net inputs rose 5,000 bpd along the East Coast PADD 1 to 324,000 bpd while the Midwest PADD 2 and West Coast PADD 5 each gained 3,000 bpd to 241,000 bpd and 151,000 bpd, respectively. Gulf Coast PADD 3 refiner and blender net inputs edged up 1,000 bpd to 150,000 bpd.

Data show domestic ethanol plants increased production a second week, up 0.6% to 969,000 bpd through April 29, 1.8% above the same week in 2021. Plant output averaged 969,000 bpd during the four weeks ended April 29, 24,000 bpd higher than during the comparable four weeks a year ago.

EIA reports East Coast ethanol inventory declined a second week, falling 255,000 barrels (bbl) to 7.838 million bbl while PADD 2 stocks decreased for a third week, down 242,000 bpd to 10.061 million bbl, a better-than-three-month low.

EIA reports ethanol inventory at the Gulf Coast climbed off a 28-week low, up 346,000 bbl to 3.532 million bbl and supply at the West Coast moved off a better than one-year low with the first build in five weeks. PADD 5 supply rose 58,000 bbl to 2.062 million bbl.