Ethanol Inventories Fall

NEW YORK (DTN) -- U.S. Energy Information Administration data released Wednesday shows ethanol inventories fell for the second straight week as domestic production tumbled to a 6-1/2 month low.

The report detailed a 35,000 barrel (bbl) decline in ethanol stocks during the week-ended May 1 to 20.762 million bbl while domestic production fell 34,000 barrels per day (bpd) to 887,000 bpd.

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]

On year-over-year basis, total stocks were 21.1% higher while production was down 0.8%.

Blender inputs, a gauge for ethanol demand, eased for the second straight week, down 5,000 bpd to 870,000 bpd for the week-ended May 1 while up 2.8% year over year.

Implied demand for gasoline fell 135,000 bpd last week to 8.785 million bpd, although 0.8% higher than the same week last year.

(BM/AG)

P[] D[728x170] M[320x75] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]
P[R1] D[300x250] M[300x250] OOP[F] ADUNIT[] T[]
P[R2] D[300x250] M[320x50] OOP[F] ADUNIT[] T[]
DIM[1x3] LBL[article-box] SEL[] IDX[] TMPL[standalone] T[]
P[R3] D[300x250] M[0x0] OOP[F] ADUNIT[] T[]