OAKHURST, N.J. (DTN) -- Total ethanol inventory in the United States edged up slightly in the week ended July 8 as a fourth weekly output decrease met with the lowest demand level in 11 weeks, the latest Energy Information Administration data show.
Blending activity decreased a second week, down 17,000 barrels per day (bpd) or 1.9% in the week reviewed to 887,000 bpd, a level last seen the week of April 22. Demand for the week was down 29,000 bpd or 3.2% from the corresponding week in 2021.
Data show refiner and blender net inputs dropped 6,000 bpd along the East Coast PADD 1 to 319,000 bpd while sliding 10,000 bpd in the Midwest PADD 2 to 241,000 bpd, up 1,000 bpd in Gulf Coast PADD 3 at 147,000 bpd and down 2,000 bpd to 148,000 bpd in the West Coast PADD 5.
Production at domestic ethanol plants fell a fourth week, sliding 39,000 bpd or 3.7% in the week ended July 8 to 1.005 million bpd, an eight-week low. Production for the week profiled was 36,000 bpd or 3.5% lower than the same week in 2021. Plant output averaged 1.039 million bpd during the four weeks ended July 8, down 14,000 bpd versus the same four weeks a year earlier.
Agency data show domestic supply of ethanol added 116,000 barrels (bbl) to 23.606 million bbl, 11.4% higher than the same week in 2021.
East Coast ethanol inventory declined for the first time in six weeks, down 135,000 bbl to 7.238 million bbl as of July 8 and Midwest stocks held at 9.23 million bbl.
Data show Gulf Coast ethanol inventory added 21,000 bbl to 4.257 million bbl and supply at the West Coast PADD 5 rose 231,000 bbl to 2.486 million bbl.
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