OAKHURST, N.J. (DTN) -- Domestic ethanol supply once again declined, though production rose after four straight weekly declines and blender inputs, a measure of demand, fell to the lowest level in a year, data released by the Energy Information Administration on Wednesday show.
Overall blending activity continued lower into 2023, falling 21,000 barrels per day (bpd) as of Jan. 6 to 768,0000, the lowest blending rate since the start of 2022. At the East Coast, blender inputs dropped 14,000 bpd last week, while Midwest PADD 2 inputs declined 2,000 bpd and Gulf Coast inputs decreased 3,000 bpd.
EIA data show the first gain in domestic ethanol production in five weeks, up 99,000 bpd or 12.7% to 943,000 bpd, 6.3% lower than a year ago. Output in the Midwest rose 101,000 bpd to 895,000 bpd, down 5.5% from this time in 2022.
Total domestic ethanol stocks continued lower, down 2.5% to 23.8 million barrels (bbl) as of Jan. 6, 3.9% higher than a year earlier.
Supply along the East Coast declined about 200,000 bbl to 7 million bbl, while stocks in the Midwest rose roughly 300,000 bbl to 10.1 million bbl and Gulf Coast supply dropped 15.2% to an eight-week low 3.9 million bbl. At the West Coast PADD 5, inventory added about 100,000 bbl to 2.5 million bbl.
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