Ethanol production up 0.6% over previous week

May 8, 2022 |

In Washington, D.C., ethanol production expanded by 6,000 barrels per day (b/d), or 0.6%, to 969,000 b/d, equivalent to 40.70 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production was 1.8% more than the same week last year and 4.6% above the five-year average for the week. The four-week average ethanol production volume decreased 0.8% to 969,000 b/d, equivalent to an annualized rate of 14.85 billion gallons (bg).

Ethanol stocks thinned by 0.3% to a fifteen-week low of 23.9 million barrels. However, stocks were 16.9% higher than a year ago and 5.2% above the five-year average. Inventories declined in the East Coast (PADD 1) and Midwest (PADD 2) but increased across the other regions.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, rose 1.3% to 8.86 million b/d (135.76 bg annualized). Demand was 0.1% less than a year ago and 0.7% below the five-year average.

Refiner/blender net inputs of ethanol improved by 1.1% to 895,000 b/d, equivalent to 13.72 bg annualized. Net inputs were 0.9% more than a year ago and 5.2% above the five-year average.

There were no imports of ethanol for the fourteenth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of March 2022.)

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Category: Fuels

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