Ethanol production up 2.3%, highest level since March 2020

June 6, 2021 |

In Washington, D.C., ethanol production scaled up by 23,000 barrels per day (b/d), or 2.3%, to 1.034 million b/d, equivalent to 43.43 million gallons daily and the highest level since March 2020, according to EIA data analyzed by the Renewable Fuels Association. Production was 35.2% above the same week last year, which was affected by the pandemic, but it was 1.0% below the same week in 2019. The four-week average ethanol production volume increased 2.0% to 1.014 million b/d, equivalent to an annualized rate of 15.54 billion gallons (bg).

Ethanol stocks expanded to 19.6 million barrels, 3.2% above the prior week, when inventories hit their lowest point since 2016. Stocks were 12.8% below the year-ago level and 13.1% under the same week in 2019. Inventories rose across all regions except the East Coast (PADD 1) and Gulf Coast (PADD 3). Notably, the Midwest (PADD 2) saw the largest weekly volume increase in more than three years, up 10.4%.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, declined 3.5% to 9.15 million b/d (140.21 bg annualized). Gasoline demand was 21.2% above a year ago but was 3.1% below the same week in 2019.

Conversely, refiner/blender net inputs of ethanol increased 1.1% to 916,000 b/d, equivalent to 14.04 bg annualized. This was 27.2% above a year ago but 1.6% below the same week in 2019.

There were zero imports of ethanol recorded for the twenty-fourth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of March 2021.)

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Category: Fuels

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