Ethanol production 6.9% above same week last year, but 8.1% below two years ago

January 16, 2022 |

In Washington, D.C., ethanol production scaled back by 42,000 barrels per day (b/d), or 4.0%, to 1.006 million b/d, equivalent to 42.25 million gallons daily, according to the Renewable Fuels Association. Production was 6.9% above the same week last year, which was affected by the pandemic, but 8.1% less than the same week two years ago. The four-week average ethanol production volume decreased 1.9% to 1.041 million b/d, equivalent to an annualized rate of 15.96 billion gallons (bg).

Ethanol stocks jumped 7.3% to a 47-week high of 22.9 million barrels. However, stocks were 3.3% below the year-ago level and 0.4% less than the same week two years ago. Inventories built across all regions, with reserves in the Midwest (PADD 2) reaching a record high.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, declined 3.3% to 7.91 million b/d (121.20 bg annualized) and the lowest volume since mid-February. Gasoline demand registered 5.0% higher than a year ago but 7.6% lower than the same week two years ago.

Refiner/blender net inputs of ethanol pared back 3.5% to 755,000 b/d, equivalent to 11.57 bg annualized and a 46-week low. Net inputs were 0.9% more than a year ago but 11.6% less than the same week two years ago.

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

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Category: Fuels

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