Ethanol Stocks Climb to 2-Year High
NEW YORK (DTN) -- The Energy Information Administration released data Wednesday, Jan. 28, showing an increase in ethanol inventories and implied demand while domestic production was little changed.
The data showed total stockpiles increased for the fifth straight week, up 244,000 barrels (bbl), or 1.2%, to 20.631 million bbl during the week-ended Jan. 23, putting supplies 3.7 million or 21.8% higher than the level seen a year ago.
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Regionally, PADD 1 East Coast stockpiles climbed nearly 300,000 bbl to 7.2 million bbl, while inventory in the PADD 2 Midwest eased nearly 100,000 bbl to 7.0 million bbl.
PADD 3 Gulf Coast supplies were little changed, up 29,000 bbl to 3.8 million bbl. PADD 5 West Coast was also little changed, up 12,000 bbl to 2.3 million bbl.
Plant production eased 1,000 barrels per day (bpd) from a one-month high to 978,000 bpd during the week reviewed. Output was up 8.5% year-over-year while four-week average output was up 8.1%.
(BM/AG)
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