OAKHURST, N.J. (DTN) -- U.S. ethanol inventories were up 2.6% as national demand for the fuel slumped 3% through June 3, Energy Information Administration data released Wednesday show.
Blending activity nationally fell for the first time in six weeks, down 25,000 barrels per day (bpd) to 898,000 bpd in the week profiled. Refiner and blender inputs, a gauge of demand, last week were about 1% below the comparable week in 2021.
Data show refiner and blender net inputs slid 11,000 bpd along the East Coast PADD 1 to 323,000 bpd while off 6,000 bpd in the Midwest PADD 2 to 245,000 bpd. Net inputs in the Gulf Coast PADD 3 decreased 3,000 bpd to 151,000 bpd and along the West Coast PADD 5 dropped 6,000 bpd to 148,000 bpd.
EIA reported production at ethanol plants in the United States dropped 32,000 bpd to 1.039 million bpd through June 3, down 2.6% from the same week in 2021. Plant output averaged 1.029 million bpd during the four weeks ended June 3, 5,000 bpd lower than during the comparable four weeks a year ago.
Domestic ethanol inventory posted a 675,000-barrel (bbl) build last week to 23.636 million bbl, 18% higher than the same week in 2021.
East Coast ethanol inventory added 71,000 bbl to 6.717 million bbl and Midwest stocks rose 244,000 bbl to 9.504 million bbl.
Data show ethanol inventory at the Gulf Coast increased 342,000 bbl to 4.726 million bbl, and stocks along the West Coast PADD 5 added 27,000 bbl to 2.330 million bbl.
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