Weekly Ethanol Production

According to EIA data analyzed by the Renewable Fuels Association for the week ending September 11, ethanol production eased 1.6% lower, or 14,000 barrels per day (b/d), to 926,000 b/d—equivalent to 38.89 million gallons daily. Production remained 7.7% below the same week in 2019 as a result of the continuing effects of the COVID-19 pandemic. The four-week average ethanol production rate was unchanged at 930,000 b/d, equivalent to an annualized rate of 14.26 billion gallons (bg).
Ethanol stocks narrowed by 1.0% to a five-week low of 19.8 million barrels, which was 14.8% below year-ago volumes. Inventories decreased across all regions except the East Coast (PADD 1) and Gulf Coast (PADD 3).
The volume of gasoline supplied to the U.S. market, a measure of implied demand, took a step in the right direction, up 1.0% to 8.48 million b/d (129.97 bg annualized). Gasoline demand remained 5.2% lower than a year ago.
Refiner/blender net inputs of ethanol followed, rising 1.8% to 845,000 b/d, equivalent to 12.95 bg annualized, which was 6.6% below the year-earlier level.
Imports of ethanol arriving into the West Coast were 36,000 b/d, or 10.58 million gallons for the week. This marks the sixth time in eight weeks that imports were reported. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of July 2020.)