Ethanol production up but still 6.5% below same week last year

November 29, 2020 |

In Washington, D.C., ethanol production expanded 2.9%, or 28,000 barrels per day (b/d), to 990,000 b/d—equivalent to 41.58 million gallons daily and a 35-week high, according to EIA data analyzed by the Renewable Fuels Association. Production remained 6.5% below the same week last year.

The four-week average ethanol production rate rose for the seventh straight week, up 1.3% to 972,000 b/d, equivalent to an annualized rate of 14.90 billion gallons (bg).

Ethanol stocks scaled 3.3% higher to 20.9 million barrels, which was the highest volume since August and 2.9% above a year-ago. Inventories built across all regions except the West Coast (PADD 5).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, declined 1.6% to 8.13 million b/d (124.62 bg annualized). Gasoline demand was 11.7% less than a year ago.

Refiner/blender net inputs of ethanol flattened at 813,000 b/d, equivalent to 12.46 bg annualized. This was 12.6% below the year-earlier level as a result of the continuing effects of the COVID-19 pandemic.

There were zero imports of ethanol recorded for the second consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of September 2020.)

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.