Ethanol production 5.8% above 2020 levels but still slightly below 2019

August 1, 2021 |

In Washington, D.C., ethanol production eased by 14,000 barrels per day (b/d), or 1.4%, to 1.014 million b/d, equivalent to 42.59 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production was 5.8% above the same week last year but was 1.6% below the 2019 level.

The four-week average ethanol production volume declined by 1.0% to 1.037 million b/d, equivalent to an annualized rate of 15.90 billion gallons (bg).

Ethanol stocks rose 1.0% to a 22-week high of 22.7 million barrels. Stocks were 12.1% above the year-ago level but 7.1% below the same week in 2019. Inventories built across all regions except the Midwest (PADD 2) and Gulf Coast (PADD 3).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, increased 0.3% to 9.33 million b/d (142.95 bg annualized). Gasoline demand was 5.9% above a year ago but 2.4% below the same week in 2019.

Refiner/blender net inputs of ethanol improved by 2.5% to 930,000 b/d, equivalent to 14.26 bg annualized. Net inputs were 9.0% above a year ago but 3.0% less than the same week in 2019.

Imports of ethanol arriving into the West Coast were 36,000 b/d of ethanol, or 10.58 million gallons for the week. This marks the fourth time in six weeks that imports were reported. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of May 2021.)

 

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Category: Fuels

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