Ethanol weekly production up 0.8%, 13.4% above same week last year

January 2, 2022 |

In Washington, D.C., ethanol production expanded by 8,000 barrels per day (b/d), or 0.8%, to 1.059 million b/d, equivalent to 44.48 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production was 13.4% above the same week last year, which was affected by the pandemic but 0.7% less than the same week in 2019. The four-week average ethanol production volume increased 0.6% to 1.072 million b/d, equivalent to an annualized rate of 16.43 billion gallons (bg).

Ethanol stocks remained principally unchanged at 20.7 million barrels. Stocks were 12.0% below the year-ago level and 1.7% less than the same week in 2019. Inventories built across the East Coast (PADD 1) and Midwest (PADD 2) but thinned across the other regions.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, jumped 8.2% to 9.72 million b/d (149.07 bg annualized). Gasoline demand was the largest volume since July as well as 19.6% more than a year ago and 8.5% above the same week in 2019.

Refiner/blender net inputs of ethanol increased 3.2% to 910,000 b/d, equivalent to 13.95 bg annualized and a nine-week high. Net inputs were 11.2% more than a year ago and 2.9% above the same week in 2019.

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

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Category: Fuels

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