EIA: U.S. Ethanol Inventories Drop, Down 2.3% on Yr


   
Karim Bastati
DTN Analyst

   VIENNA (DTN) -- The Energy Information Administration reported on Wednesday 
(4/1) that overall ethanol production in the United States averaged 1.075 
million bpd in the week ending March 27, down 41,000 bpd week-on-week and 
12,000 bpd, or 1.1% higher than in the same week last year. Four-week average 
output at 1.103 million bpd was 32,000 bpd above the same four weeks last year.

   
Midwest ethanol production averaged 1.024 million bpd, down 37,000 bpd 
week-on-week and 14,000 bpd, or 1.4% higher than in the same week last year. 
Four-week average output at 1.049 million bpd was 30,000 bpd above the same 
four weeks last year.

   
Ethanol blending activity in the U.S. averaged 903,000 bpd, up 14,000 bpd 
week-on-week and 5,000 bpd, or 0.6% higher than in the same week last year. 
Four-week average blending demand at 892,000 bpd was 5,000 bpd above the same 
four weeks last year.

   
Blender inputs at the East Coast were up 5,000 bpd on the week while inputs in 
the Midwest were up 7,000 bpd, up 2,000 bpd on the Gulf Coast and up 1,000 bpd 
on the West Coast.

   
Domestic ethanol inventories ended the week at 25.991 million bbl, down 1.179 
million bbl week-on-week and 621,000 bbl, or 2.3% lower than in the same week 
last year.

   
East Coast PADD 1 inventories ended the week at 7.973 million bbl, down 34,000 
bbl week-on-week and 430,000 bbl, or 5.7% higher than in the same week last 
year.
Midwest PADD 2 inventories ended the week at 10.655 million bbl, down 631,000 
bbl week-on-week and 361,000 bbl, or 3.3% lower than in the same week last year.
Gulf Coast PADD 3 inventories ended the week at 4.524 million bbl, down 425,000 
bbl week-on-week and 692,000 bbl, or 13.3% lower than in the same week last 
year.
West Coast PADD 5 inventories ended the week at 2.463 million bbl, down 106,000 
bbl week-on-week and 22,000 bbl, or 0.9% lower than in the same week last year.




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