Ethanol production scaled 3,000 barrels per day higher but ethanol stocks shrank 2.2%

November 24, 2019 |

In Washington, DC, the Renewable Fuels Association reports that weekly ethanol production scaled 3,000 barrels per day (b/d) higher or 0.3% to 1.033 million b/d—equivalent to 43.39 million gallons daily and 0.9% below the same week a year ago, according to EIA data. The four-week average ethanol production rate lifted 0.9% to 1.020 million b/d, equivalent to an annualized rate of 15.64 billion gallons.

Conversely, ethanol stocks shrank 2.2% to 20.5 million barrels, the lowest volume since the start of 2017. Inventories were 10.0% lower than the same week last year and 6.3% below the level two years ago. Stocks declined across the East Coast (PADD 1), Midwest (PADD 2), and Gulf Coast (PADD3) but increased in other regions.

Imports of ethanol arriving into the West Coast were 4,000 b/d, or 1.18 million gallons for the week. This is the first time this month that imports were logged. (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 shifted 1.4% lower to 9.192 million b/d (386.1 million gallons per day, or 140.91 bg annualized). Refiner/blender net inputs of ethanol decreased 1.2% to 929,000 b/d—equivalent to 14.24 bg annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.24%.

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.