Ethanol Inventory Down

EIA: US Ethanol Output, Stocks Down as Demand at 17-Week High

OAKHURST, N.J. (DTN) -- Energy Information Administration data released Wednesday, April 26, show a return to the downside in domestic ethanol inventory as blender inputs rose 2% to a 17-week high while production slid 5.6% through April 21.

EIA reports ethanol production in the United States dropped 57,000 barrels per day (bpd) to 967,000 bpd last week, 4,000 bpd more than the same week in 2022. Four-week average output at 988,000 bpd was 11,000 bpd above the same four weeks in 2022.

Midwest PADD 2 ethanol production tumbled 58,000 bpd or 6% to 916,000 bpd, 14,000 bpd higher than a year earlier. Four-week average output in PADD 2 at 939,000 bpd was 21,000 bpd higher than the same four-week period a year ago.

Ethanol blending activity in the U.S. jumped 17,000 bpd to 899,000 bpd as of April 21, the highest level since the week ended Dec. 23, 2022, and 1.6% above the corresponding week in 2022. Data shows four-week average blending demand at 890,000 bpd, 11,000 bpd above the same four weeks in 2022.

Blender inputs at the East Coast PADD 1 rose 5,000 bpd in the week while inputs in the Midwest rose 5,000 bpd, gained 4,000 bpd at the Gulf Coast, and increased 3,000 bpd along the West Coast PADD 5.

EIA reports overall ethanol supply fell 987,000 barrels (bbl) to a 14-week low 24.306 million bbl, 1.3% more than last year.

East Coast inventory decreased a sixth week, though the 14,000-bbl decline was the smallest in that period. At 7.538 million bbl, supply in the region marked a 12-week low and 7% below this time in 2022.

Data show ethanol stocks in the Midwest down a second week, dropping 681,000 bbl to a 12-week low 9.485 million bbl, an 8% supply deficit versus a year ago.

Gulf Coast ethanol inventory declined for the first time in four weeks, down 18,000 bbl to 4.7 million bbl and supply at the West Coast dropped 304,000 bbl to 2.222 million bbl.