CRANBURY, N.J. (DTN) -- Domestic ethanol supply increased while demand and output both declined during the week-ended Nov. 28, the Energy Information Administration reported at midmorning Wednesday.
EIA showed ethanol supply increased 200,000 bbl to 17.3 million bbl, with the build taking place in the Midwest PADD 2, where inventory totaled 5.9 million bbl on Nov. 28. Inventory was unchanged in the remaining four PAD districts.
U.S. ethanol supply is 2.2 million bbl higher than during the comparable year-ago period while down 2.0 million bbl from the same week in 2012.
The supply build came despite a 20,000 bpd drop ...