US Ethanol Inventory Rises 1.7%
US Ethanol Blending Demand Falls for First Time in Over a Month
OAKHURST, N.J. (DTN) -- Ethanol inventory in the United States rose 1.7% on the week as blending demand decreased for the first time in five weeks and production gained for the first time in three weeks through Aug. 19, the latest Energy Information Administration data show.
EIA reports blending activity backed off a one-year high, falling 10,000 barrels per day (bpd) to 919,000 bpd last week, down 0.8% from the same time in 2021.
Refiner and blender net inputs along the East Coast PADD 1 fell 8,000 bpd to 329,000 bpd as of Aug. 19 while down 4,000 bpd in the Midwest PADD 2 to 250,000 bpd, down 2,000 bpd in Gulf Coast PADD 3 to 152,000 bpd, and up 2,000 bpd for the West Coast PADD 5 to 154,000 bpd.
Domestic plant production of ethanol increased 4,000 bpd to 987,000 bpd, 54,000 bpd or 5.8% above than the same week last year.
At 928,000 bpd through Aug. 19, the agency reports Midwest ethanol production edged up 2,000 bpd week-on-week and was 5.3% higher than a year ago.
EIA reports domestic ethanol stocks held higher, up 361,000 barrels (bbl) to 23.807 million bbl last week, 12.3% above inventory on hand the same week a year ago.
East Coast ethanol inventory climbed 2.7% to 7.7 million bbl through Aug. 19 and Midwest stocks added 2.4% to 8.7 million bbl.
At the Gulf Coast, data show ethanol inventory decreased 2.3% to 4.3 million bbl, and stocks along the West Coast PADD 5 fell 3.6% to 2.7 million bbl.
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