OAKHURST, N.J. (DTN) -- Ethanol inventory in the United States eased last week as blending activity, a measure of demand, marked a 10-week high and production dropped 2% through Aug. 5, the latest Energy Information Administration data show.
The agency reports blending activity held to the upside, nudging 1,000 barrels per day (bpd) higher to 909,000 bpd last week while 2.3% below the corresponding week last year.
Refiner and blender net inputs along the East Coast PADD 1 rose 2,000 bpd to 327,000 bpd as of Aug. 5 while down 2,000 bpd in the Midwest PADD 2 to 249,000 bpd, up 1,000 bpd in Gulf Coast PADD 3 to 150,000 bpd and steady in the West Coast PADD 5 at 150,000 bpd.
Data show domestic production ethanol dropped 21,000 bpd to 1.022 million bpd, 3.7% higher than the same week in 2021. Ethanol plant output averaged 1.030 million bpd during the four weeks ended Aug. 5, up 20,000 bpd versus the same four weeks a year earlier.
EIA reports total ethanol supply declined 138,000 barrels (bbl) to 23.256 million bbl as of Aug. 5, 4.5% above inventory on-hand during the same week a year ago.
East Coast ethanol inventory backed off a 12-week high, down 113,000 bbl to 7.511 million bbl last week, while Midwest stocks increased a second week, up 59,000 bbl to 8.844 million bbl, a four-week high.
At the Gulf Coast, ethanol inventory decreased a second week, down 28,000 bbl to 4.027 million bbl and stocks along the West Coast PADD 5 fell 77,000 bbl to 2.490 million bbl.
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