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Ethanol Production Hits Highest Level in Past 12 Months
USAgNet - 10/22/2021

According to EIA data analyzed by the Renewable Fuels Association for the week ending October 15, ethanol production expanded by 64,000 barrels per day (b/d), or 6.2%, to 1.096 million b/d, equivalent to 46.03 million gallons daily. This is the third-highest volume on record and just 12,000 b/d below the all-time record.

Production was 20.0% above the same week last year, which was affected by the pandemic, and 10.0% above the same week in 2019. The four-week average ethanol production volume increased 4.5% to 1.005 million b/d, equivalent to an annualized rate of 15.41 billion gallons (bg).

Ethanol stocks rose 1.2% to 20.1 million barrels. Stocks were 1.8% above the year-ago level but 6.0% below the same week in 2019. Inventories increased across all regions except the West Coast (PADD 5).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, climbed 4.9% to 9.63 million b/d (147.69 bg annualized). Gasoline demand was 16.2% above a year ago and 0.5% more than the same week in 2019.

Refiner/blender net inputs of ethanol decreased 0.3% to 901,000 b/d, equivalent to 13.81 bg annualized. Net inputs were 7.5% above a year ago but 2.9% less than the same week in 2019.

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

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