Marginal Dip in US Ethanol Inventory
EIA: US Ethanol Output Lowest Since First Week of January
OAKHURST, N.J. (DTN) -- The Energy Information Administration on Wednesday reported another downturn in domestic ethanol inventory, albeit a marginal dip, as production tumbled to a roughly three-month low and blender inputs, a measure of demand, edged higher in the first week of April.
Agency data show total domestic ethanol production slid 44,000 barrels per day (bpd) to a 13-week low 959,000 bpd as of April 7, 3.6% below a year ago. The four-week average output at 991,000 bpd was 28,000 bpd lower than the same four weeks in 2022.
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Midwest PADD 2 ethanol production tumbled 45,000 bpd on the week to 912,000 bpd, the lowest output rate since the first week of January. Four-week average output in PADD 2 at 945,000 bpd was 18,000 bpd lower than the same time last year.
Ethanol blending activity in the United States gained 3,000 bpd to 891,000 bpd through April 7, 0.5% more than this time last year.
Blender inputs at the East Coast PADD 1 gained 1,000 bpd on the week while inputs in the Midwest rose 2,000 bpd, increased 4,000 bpd at the Gulf Coast and fell 3,000 bpd along the West Coast PADD 5.
Ethanol supply in the U.S. edged down 8,000 barrels (bbl) to a six-week low 25.128 million bbl, 1.2% higher than the same week in 2022.
East Coast inventory declined a fourth straight week, falling 292,000 bbl to a 10-week low 7.595 million bbl while stocks in the Midwest added 79,000 bbl to 10.313 million bbl.
Gulf Coast ethanol inventory rose a second straight week, up 144,000 bbl to 4.526 million bbl and supply at the West Coast added 65,000 bbl to 2.355 million bbl.
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