10th consecutive week of expanded ethanol production output

In Washington, DC, the Renewable Fuels Association reports that ethanol production ticked 1,000 barrels per day (b/d) higher, or 0.1%, to 1.060 million b/d—equivalent to 44.52 million gallons daily and the tenth consecutive week of expanded output. The four-week average ethanol production rate rose by 1.2% to 1.046 million b/d, equivalent to an annualized rate of 16.04 billion gallons.

Ethanol stocks climbed 1.8% to 20.6 million barrels after three weeks of declines. However, inventories were 10.4% lower than the same week last year. Stocks increased in all PADDs except the Rocky Mountain region (PADD 4). Imports of ethanol arriving into the West Coast were 11,000 b/d, or 3.23 million gallons for the week. This was the third straight week that ethanol was imported into the U.S. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of September 2019.)

The volume of gasoline supplied to the U.S. market moved 1.9% lower to 9.032 million b/d (379.3 million gallons per day, or 138.46 bg annualized). Refiner/blender net inputs of ethanol narrowed 3.0% to 902,000 b/d—equivalent to 13.83 bg annualized and a 39-week low. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.74%.