Ethanol production rate caps off 11-week rise with a 0.2% decrease

January 18, 2020 |

In Washington, D.C., ethanol production expanded by 33,000 barrels per day (b/d), or 3.1%, to 1.095 million b/d—equivalent to 45.99 million gallons daily and the largest volume since June 2019, according to EIA data analyzed by the Renewable Fuels. The four-week average ethanol production rate rose 0.7% to 1.077 million b/d, equivalent to an annualized rate of 16.51 billion gallons.

Ethanol stocks grew 2.4% to a 15-week high of 23.0 million barrels. However, inventories were 1.5% lower than the same week last year. Stocks built sharply in the Gulf Coast (PADD 3), the primary region from which ethanol is exported, with smaller increases in the East Coast (PADD 1) and Rocky Mountain (PADD 4) regions. Imports of ethanol arriving into the West Coast were 25,000 b/d, or 7.35 million gallons for the week. This is the first time in five weeks that imports were logged. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of November 2019.)

The volume of gasoline supplied to the U.S. market bounced back from the prior week, up 5.2% to 8.558 million b/d (359.44 million gallons per day, or 131.19 bg annualized). Refiner/blender net inputs of ethanol followed, increasing 6.6% to 854,000 b/d—equivalent to 13.09 bg annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production declined to 12.80%.

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Category: Fuels

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