Weekly EIA Ethanol Report
EIA: US Ethanol Inventory Lower as Gulf Stocks Fall 11.6%
OAKHURST, N.J. (DTN) -- Ethanol production in the United States reached a four-week high through Sept. 2 while both demand for the fuel blendstock and inventory continued lower, late morning data released by the Energy Information Administration show.
EIA reports blending activity eased for a third straight week, down 1,000 barrels per day (bpd) in the week ended Sept. 2 to a six-week low 905,000 bpd. Blending demand is 0.1% lower than in the same week in 2021.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Refiner and blender net inputs along the East Coast PADD 1 fell 2,000 bpd to 325,000 bpd last week while off 4,000 bpd in the Midwest PADD 2 to 244,000 bpd, up 1,000 bpd in Gulf Coast PADD 3 to 149,000 bpd through Sept. 2, and 5,000 bpd higher at the West Coast PADD 5 at 155,000 bpd.
Domestic production ethanol jumped 19,000 bpd or 2% to a four-week high 989,000 bpd, 7.2% above the comparable period last year.
Midwest ethanol production increased 20,000 bpd or 2.2% to 931,000 bpd through Sept. 2, a four-week high and 7% above a year ago.
Total ethanol inventory decreased for a second week, down 395,000 barrels (bbl) to 23.138 million bbl, the lowest level since late June.
At the Gulf Coast, ethanol inventory continued lower a third week, down 511,000 bbl to 3.780 million bbl, the lowest level since the end of April while West Coast stocks rose 202,000 bbl to 2.949 million bbl. PADD 5 stocks are the highest since the week-ended Feb. 25.
East Coast ethanol inventory declined for a second week, down 39,000 bbl to 7.504 million bbl, an eight-week low. Data show Midwest stocks also lower a second straight week, down 68,000 bbl through Sept. 2 to a three-week low 8.516 million bbl.
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