EIA: US Ethanol Supply Flat
EIA: US Ethanol Supply Flat
CRANBURY, N.J. (DTN) -- U.S. supply of ethanol was flat at a 21.1 million barrel (bbl) two-year, eight-month high during the week-ended Feb. 13, with both production and blending demand higher during the week the Energy Information Administration reported Thursday, Feb. 19.
A steep 400,000 bbl decline in ethanol supply for the PADD 1 East Coast region offset builds in the PADD 2 Midwest and PADD 3 Gulf Coast, EIA reported, with PADD 1 supply at 7.3 million bbl on Feb. 13. PADD 2 stocks increased 200,000 bbl to 7.3 million bbl and by 300,000 bbl in PADD 3 to 3.8 million bbl, with rounding effecting totals. PADD 4 Rocky Mountains supply was flat at 400,000 bbl and unchanged in the PADD 5 West Coast at 2.4 million bbl.
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The no change in domestic ethanol stocks came as U.S. production plants ramped up output 3,000 barrels per day (bpd) to a 964,000 bpd three-week high. During the four weeks ended Feb. 13, ethanol output averaged 963,000 bpd, 63,000 bpd, or 7.0%, above the production rate during the comparable year-ago period.
Refiner and blender net inputs of ethanol jumped 26,000 bpd to an 852,000 bpd seven-week high, and the highest weekly input rate of 2015. During the four weeks ended Feb. 13, blender inputs averaged 838,000 bpd, 28,000 bpd, or 3.5%, above a year ago.
Gasoline supplied to market, known as implied demand, surged 527,000 bpd during the week reviewed from a one-year low to 8.809 million bpd. Year to date through Feb. 13, implied gasoline demand averaged 8.716 million bpd, 469,000 bpd, or 5.7%, more than in 2014 through this period.
(BM/AG)
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