Houston — US ethanol stocks for the week ended February 20 soared 510,000 barrels to 21.594 million barrels, the highest level in nearly three years, Energy Information Administration data showed Wednesday.
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Stocks were at their highest levels since April 2012, rising for the eighth time in the last nine reporting weeks.
US ethanol production, on the other hand, shed 17,000 b/d to a three-month low of 947,000 b/d.
Supplies were higher in three of five regions, led by a massive 268,000-barrel build in East Coast stocks to 7.584 million barrels.
Midwest stocks moved up 176,000 barrels to 7.471 million barrels, and West Coast stocks added 152,000 barrels to 2.507 million barrels, the highest level since March 2013.
Gulf Coast stocks, on the other hand, shed 69,000 barrels to 3.693 million barrels. Rocky Mountain stocks were 18,000 barrels lower at 339,000 barrels.
For the 18th time in the last 19 weeks, there were no ethanol imports reported.