EIA: Domestic Ethanol Supply Up 2.1% on Week, Down 2% on Year

Source: By DTN Staff • Posted: Sunday, February 21, 2021

Midwest PADD 2 blending demand fell 3,000 bpd on the week while at the Gulf Coast demand declined a like amount and slid 7.1% in the Rocky Mountain PADD 4, the data show. At the East Coast PADD 1 demand jumped 2.5%, while West Coast PADD 5 demand jumped 3.9%.

For the four weeks ended Feb. 12, EIA reports PADD 2 blending activity 19,000 bpd below the year prior, while PADD 3 activity was down 11,000 bpd.

Overall ethanol plant production slid 26,000 bpd in the week profiled to 911,000 bpd, the lowest level since the final week of September 2020 while 12.4% lower than the corresponding week in 2020. Four-week average output dropped 116,000 bpd against year ago to 929,000 bpd.

At 24.297 million barrels (bbl), total domestic ethanol supply gained 501,000 bbl, 2% below the same week a year ago.

EIA reported East Coast PADD 1 gained after two straight weekly draws, up 106,000 bbl to 8.021 million bbl, 9.1% lower than supply on-hand this time last year while Midwest PADD 2 supply held higher, up 3.8% to 8.344 million bbl, essentially flat versus this time in 2020.

At the Gulf Coast PADD 3, stocks rose 8.7% to 4.989 million bbl, better than 13% higher than last year. Data show West Coast PADD 5 stocks continued lower, down 7.1% to 2.580 million bbl.