OAKHURST, N.J. (DTN) -- Domestic ethanol inventories increased 3.5% through July 1 as demand for the fuel edged lower, the data from the Energy Information Administration released Thursday, July 7, show.
Blending activity fell 4,000 barrels per day (bpd) or 0.4% in the week profiled to 904,000 bpd, down 45,000 bpd or 5% versus the corresponding week in 2021.
Data show refiner and blender net inputs fell 2,000 bpd along the East Coast PADD 1 to 325,000 bpd while flat in the Midwest at 251,000 bpd, down 3,000 bpd in Gulf Coast PADD 3 at 146,000 bpd and up 2,000 bpd to 150,000 bpd in the West Coast PADD 5.
Production at domestic ethanol plants continued lower a third week, down 7,000 bpd in the week ended July 1 to 1.044 million bpd. Production last week was 2.2% lower than the same week in 2021. Plant output averaged 1.053 million bpd during the four weeks ended July 1, 4,000 bpd above the same four weeks a year earlier.
EIA reports inventory of ethanol in the United States increased 746,000 barrels (bbl) last week to an eight-week high 23.490 million bbl, 11.4% higher than the same week in 2021.
East Coast ethanol inventory rose a fifth week, up 183,000 bbl to a six-week high 7.373 million bbl as of July 1 and Midwest stocks increased 567,000 bpd to 9.234 million bbl.
Data show Gulf Coast ethanol inventory added 102,000 bbl to 4.236 million bbl and stocks at the West Coast PADD 5 fell 97,000 bbl to 2.255 million bbl.
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