Ethanol Stocks Hit 18-Month High
NEW YORK (DTN) -- The Energy Information Administration released data Wednesday, Oct. 1, showing ethanol inventories in the United States rebounded last week, rising to a better-than-18-month high despite a decline in plant production.
Total ethanol stocks rose 236,000 barrels (bbl), or 1.3%, to 18.828 million bbl during the week-ended Sept. 26, with stocks 3.3 million or 21.4% above a year ago.
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Regionally, stocks increased about 100,000 bbl along the East and West coasts and in the Midwest while holding steady along the Gulf Coast and in the Rocky Mountain region.
Plant production fell 8,000 barrels per day (bpd) last week, or 0.9%, to 881,000 bpd, near a 6-1/2-month low, while slightly higher than a year ago. Four-week average output surged 6.9%.
Blender inputs, a proxy for ethanol demand, tumbled 24,000 bpd, or 2.7%, to 862,000 bpd last week, although up 1.9% year over year, while four-week average demand was up 2.1%.
(BM/AG)
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