EIA: US Ethanol Stocks Down

Source: By Brian L. Milne, Progressive Farmer • Posted: Friday, August 4, 2017

NEW YORK (DTN) — The Energy Information Administration in their weekly support report Wednesday showed declines in ethanol inventory and plant production in the United States during the final week of July while blending demand again rose.

The EIA’s Weekly Petroleum Status Report showed fuel ethanol stocks tumbled during the week-ended July 28 by about 600,000 barrels (bbl), or 2.8%, to 20.9 million bbl, while 300,000 bbl, or 1.5%, higher than a year ago.

Supply draws were reported across the nation except in the PADD 4 Rocky Mountains, where stocks held steady at 300,000 bbl.

Domestic plant production fell 10,000 barrels per day (bpd), or 1.0%, to 1.012 million bpd during the week reviewed, while down 2,000 bpd year-on-year. For the four weeks ended July 28, fuel ethanol production averaged 1.012 million bpd, up 3,000 bpd against year prior.

Net refiner and blender inputs, a gauge for ethanol demand, increased 6,000 bpd, or 0.6%, to 951,000 bpd while unchanged year-on-year. For the four-week period ended July 28, blending demand is up 1,000 bpd.

Fuel ethanol imports totaled 38,000 bpd last week, with the supply shipped to the West Coast, the data showed.