EIA: Ethanol Stocks Decline
NEW YORK (DTN) -- Ethanol inventories eased during the week-ended Oct. 16 while domestic production and demand both increased, the U.S. Energy Information Administration said on Wednesday, Oct. 21.
The report showed ethanol stocks fell by about 100,000 barrels (bbl) to 18.9 million bbl while up 5.2% versus a year ago. Most of the stock decline was reported in PADD 1 East Coast.
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The report showed domestic ethanol production rose 2,000 barrels per day (bpd) to 951,000 bpd while up 6.0% year-on-year.
Blender inputs, a gauge for ethanol demand, increased 10,000 bpd to 897,000 bpd while up 21,000 bpd, or 2.4%, versus a year earlier.
EIA reports implied demand for gasoline gained 20,000 bpd in the week-ended Oct. 16 to 9.157 million bpd, 3.6% higher than the same week a year ago.
(BM/AG)
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