Ethanol production 46% below the same week in 2019, lowest level since 2010

April 26, 2020 |

In Washington, D.C., the EIA released its Weekly Petroleum Status Report for the week ending April 17, which continued to reflect the impact on the ethanol industry from the social-distancing and stay-at-home restrictions associated with COVID-19.

According to EIA data analyzed by the Renewable Fuels Association, ethanol production declined 1.2%, or 7,000 barrels per day (b/d), to 563,000 b/d—the lowest level since the EIA began reporting ethanol production statistics in 2010. Production was 46% below the same week in 2019. The four-week average ethanol production rate dropped 14.4% to 661,000 b/d, equivalent to an annualized rate of 10.13 billion gallons.

Ethanol stocks rose 0.8% to a record 27.7 million barrels, eclipsing last week’s previous peak. However, the bulk of inventory growth occurred in the Gulf Coast (PADD 3), up 5.8%, with the East Coast (PADD 1), Rock Mountain (PADD 4), and West Coast (PADD 5) regions scaling back.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, continued to perk up, moving 4.5% higher to 5.311 million b/d (81.42 bg annualized) although coming in 44% lower than a year ago.

Refiner/blender net inputs of ethanol followed, rising 3.4% to 523,000 b/d, equivalent to 8.02 bg annualized, which was 44% below the year-earlier level.

There were no imports of ethanol recorded for the sixth straight week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of February 2020.)

Print Friendly, PDF & Email

Tags: , , , ,

Category: Fuels

Thank you for visting the Digest.