Ethanol production up 0.4% over previous week, but down 14.1% from same week last year

January 24, 2021 |

In Washington, D.C., ethanol production increased 0.4%, or 4,000 barrels per day (b/d), to 945,000 b/d—equivalent to 39.69 million gallons daily and a four-week high, according to EIA data analyzed by the Renewable Fuels Association. Production remained 14.1% below the same week last year.

Production remained 9.9% below the same week last year. The four-week average ethanol production rate decreased 0.8% to 938,000 b/d, equivalent to an annualized rate of 14.38 billion gallons (bg).

Ethanol stocks declined 0.3% to 23.6 million barrels, which was 1.7% below a year-ago. Inventories drew down across all regions except the Midwest (PADD 2) and West Coast (PADD 5).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, jumped 7.7% higher to 8.11 million b/d (124.36 bg annualized). Gasoline demand was 6.3% less than a year ago.

Refiner/blender net inputs of ethanol climbed 4.0% to 778,000 b/d, equivalent to 11.93 bg annualized. This was 10.0% 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 week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of November 2020.)

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Category: Fuels

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