US ethanol Stocks jump 12% year-over-year as production lags demand

U.S. Ethanol inventories rose to 24.558 million barrels in the week ended October 16, marking a 12 percent increase compared to the same period last year, according to the Energy Information Administration. Total Domestic ethanol production averaged 1.094 million barrels per day, a figure that was 1.6 percent lower than the previous year.

Blending activity, which measures how much ethanol is mixed into gasoline, averaged 891,000 barrels per day, down 2.2 percent from the same week last year. The Midwest region, which accounts for the majority of production, saw output average 1.033 million barrels per day, slightly below year-ago levels.

Regional inventory levels varied significantly, with Gulf Coast stocks surging 32.3 percent year-over-year to 5.209 million barrels. Conversely, West Coast inventories fell 6.5 percent to 2.259 million barrels, while East Coast and Midwest stocks both increased compared to last year.

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