NEW YORK (DTN) -- U.S. ethanol inventories continued to build last week, increasing 697,000 barrels (bbl) to a seven-week high of 21.342 million bbl during the week-ended April 17, new data from Energy Information Administration showed.
The nationwide ethanol stock build coincided with data showing a rebound in domestic production, a decline in demand and the largest amount of ethanol imported since August 2013.
Compared to a year ago, total ethanol supplies are 4.8 million bbl, or 29.2%, higher.
Regionally, the biggest stock build was recorded in the PADD 3 Gulf Coast, rising 500,000 bbl to 4.0 million bbl. PADD ...