US Ethanol Inventory Down
EIA: Domestic Ethanol Output, Blender Inputs Lower on Week Ended Feb. 3
OAKHURST, N.J. (DTN) -- The Energy Information Administration on Wednesday reported a slight weekly decrease in domestic ethanol inventory through Feb. 3 while detailing a drop in blender demand from a five-week high while production also moved off a multiweek high.
The data show ethanol production in the United States declined for the first time in five weeks, falling 2.7% or 28,000 barrels per day (bpd) to 1 million bpd last week, 0.6% higher than the same week in 2022.
Data show ethanol output in the Midwest PADD 2 dropped 30,000 bpd or 3.1% to 952,000 bpd, 1.3% higher than a year ago.
Domestic blending activity tumbled 2.3% or 19,000 bpd to 819,000 bpd, steady with the same time in 2022. Blender inputs at the East Coast rose 3,000 bpd, while inputs at the Midwest eased 1,000 bpd, toppled 18,000 bpd at the Gulf Coast and fell 3,000 bpd at the West Coast.
Overall ethanol supply in the U.S. declined 25,000 barrels (bbl) to 24.417 million bbl as of Feb. 3, 1.6% below a year earlier.
East Coast supply rose 586,000 bbl to a 42-week high 8.104 million bbl while stocks in the Midwest rose 380,000 bbl to 9.671 million bbl and Gulf Coast inventory tumbled 761,000 bbl to a four-week low 3.874 million bbl. Along the West Coast, supply dropped 215,000 bbl to a three-week low 2.4 million bbl.
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