OAKHURST, N.J. (DTN) -- U.S. ethanol stocks fell 1.7% as of June 10, largely due to a drop in Midwest PADD 2 inventory while overall production of the fuel gained 2%, the Energy Information Administration reported on Wednesday, June 15.
The agency reports blending activity edged higher after a decline the prior week, gaining 3,000 barrels per day (bpd) to 910,000 bpd through June 10. 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 up 2,000 bpd along the East Coast PADD 1 to 325,000 bpd while easing 1,000 bpd in the Midwest to 244,000 bpd, unchanged in Gulf Coast PADD 3 at 151,000 bpd while up 2,000 bpd to 150,000 bpd in the West Coast PADD 5.
Production at domestic ethanol plants recouped much of the prior week fall, rising 21,000 bpd to 1.060 million bpd in the week ended June 10, 3.4% higher than the same week in 2021. Plant output averaged 1.046 million bpd during the four weeks ended June 10, 12,000 bpd above the same four weeks a year earlier.
Inventory of ethanol in the United States was drawn down 439,000 barrels (bbl) last week to 23.197 million bbl, 13% higher than the same week in 2021.
East Coast ethanol inventory continued higher, up 136,000 bbl to 6.853 million bbl and Midwest stocks dropped 429,000 bpd to 9.075 million bbl. Data show ethanol inventory at the Gulf Coast fell 209,000 bbl to 4.517 million bbl and stocks along the West Coast PADD 5 added 35,000 bbl to 2.365 million bbl.
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