EIA: Ethanol Demand Up 4th Straight Week to near 9mos High


   
   OAKHURST, N.J. (DTN) --- Energy Information Administration data released 
this morning show slightly lower domestic ethanol inventory in the week ended 
May 20 amid progressively higher demand, which climbed to a near nine-month 
high.

   Blending activity nationally increased a fourth consecutive week, up 4,000 
bpd or 0.4% to 915,000 bpd in the week profiled, the highest blend rate since 
the last week of August 2021. Refiner and blender inputs, a gauge of demand, 
last week were 1% above the comparable week in 2021.

   Data show refiner and blender net inputs rose 1,000 bpd along the East Coast 
PADD 1 to 329,000 bpd while up 3,000 bpd in the Midwest PADD 2 to 250,000 bpd 
while the Gulf Coast PADD 3 rose 2,000 bpd to 155,000 bpd and the West Coast 
eased 1,000 bpd to 150,000 bpd.

   EIA reported production at U.S. ethanol plants jumped 33,000 bpd or 3.3% to 
1.024 million bpd through May 20, an eight-week high, and 1.3% above the same 
week in 2021. Plant output averaged 991,000 bpd during the four weeks ended May 
20, 3,000 bpd lower than during the comparable four weeks a year ago.

   Domestic ethanol inventory decreased 79,000 bbl last week to 23.712 million 
bbl, 24.7% higher than the same week in 2021.

   East Coast ethanol inventory rose for the first time in five weeks, up 
121,000 bbl to 7.527 million bbl and Midwest stocks fell a sixth week, down 
379,000 bpd to 9.284 million bbl, the lowest level since last week of December 
2021.

   Ethanol inventory at the Gulf Coast increased a fourth week, rising 111,000 
bbl to an eight-week high 4.245 million bbl and supply at the West Coast PADD 5 
supply increased a fourth week, up 73,000 bbl to 2.3 million bbl, a six-week 
high.




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