Ethanol Inventory Edges Lower

EIA: US, Midwest Ethanol Output Rise for 5th Straight Week

OAKHURST, N.J. (DTN) -- Energy Information Administration data through the final week of October show a fifth straight weekly increase in domestic ethanol production, while blender inputs, a measure of demand, declined and overall inventory of the fuel edged lower.

Domestic ethanol production rose 7,000 barrels per day (bpd) to 1.04 million bpd as of Oct. 28, the highest since the final week of July but 6.1% below the same week in 2021. Four-week average production at 1.005 million bpd was 80,000 bpd lower than the corresponding four weeks last year.

Midwest ethanol production also increased a fifth straight week, up 7,000 bpd to 981,000 bpd, the highest output rate for the producer region since the week ended July 29.

Domestic blending activity dropped 10,000 bpd to 905,000 bpd through Oct. 28 but were 3,000 bpd higher than the same week in 2021.

Refiner and blender net inputs along the East Coast PADD 1 fell 6,000 bpd to 326,000 bpd on the week while down 3,000 bpd in PADD 2 to 246,000 bpd, 2,000 bpd lower in Gulf Coast PADD 3 to 151,000 bpd and down 1,000 bpd along the West Coast PADD 5 at 149,000 bpd last week.

The data show overall ethanol stocks down 59,000 barrels (bbl) at 22.232 million bbl in the week under review, 10.4% above inventory on-hand a year ago.

East Coast ethanol inventory fell 256,000 bbl to a four-week low 7.034 million bbl on the week, while Midwest stocks added 169,000 bbl to a seven-week high 8.279 million bbl as of Oct. 28. Gulf Coast ethanol inventory eased 34,000 bbl to 3.823 million bbl while West Coast stocks added 53,000 bbl to 2.756 million bbl last week.