Ethanol production up 11.4% same week last year and .4% above two years ago

January 23, 2022 |

In Washington, D.C., ethanol production rebounded by 46,000 barrels per day (b/d), or 4.7%, to 1.053 million b/d, equivalent to 44.23 million gallons daily, according to the Renewable Fuels Association. According to EIA data analyzed by the Renewable Fuels Association. Production was 11.4% above the same week last year, which was affected by the pandemic, and 0.4% more than the same week two years ago.

The four-week average ethanol production volume ticked up 0.1% to 1.042 million b/d, equivalent to an annualized rate of 15.97 billion gallons (bg).

Ethanol stocks climbed 3.0% to a 48-week high of 23.6 million barrels. However, stocks were 0.2% below the year-ago level and 1.8% less than the same week two years ago. Inventories built across all regions except the Gulf Coast (PADD 3), including record-high reserves in the Midwest (PADD 2).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, increased 4.0% to 8.22 million b/d (126.07 bg annualized). Gasoline demand registered 1.4% higher than a year ago but 5.1% lower than the same week two years ago.

Refiner/blender net inputs of ethanol expanded 6.8% to a three-week high of 806,000 b/d, equivalent to 12.36 bg annualized. Net inputs were 3.6% more than a year ago but 6.7% less than the same week two years ago.

There were zero imports of ethanol recorded for the twelfth 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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