July 2, 2022
Fargo, US 62 F

Weekly Ethanol Production for 5/6/2022

According to EIA data analyzed by the Renewable Fuels Association for the week ending May 6, ethanol production scaled up by 21,000 barrels per day (b/d), or 2.3%, to 991,000 b/d, equivalent to 41.62 million gallons daily. Production was 1.2% more than the same week last year and 4.7% above the five-year average for the week. The four-week average ethanol production volume decreased 0.2% to 967,000 b/d, equivalent to an annualized rate of 14.82 billion gallons (bg).
Ethanol stocks built by 1.1% to 24.1 million barrels. Stocks were 24.5% higher than a year ago and 9.0% above the five-year average. Inventories increased in the Gulf Coast (PADD 3) and West Coast (PADD 5) but thinned across the other regions (notably, stocks in the Midwest declined to a low for the year).
The volume of gasoline supplied to the U.S. market, a measure of implied demand, tapered by 1.7% to 8.70 million b/d (133.40 bg annualized). Demand was 1.1% less than a year ago and 1.8% below the five-year average.
Refiner/blender net inputs of ethanol rose 1.0% to a nineteen-week high of 904,000 b/d, representing the highest share of gasoline supplied in nearly a year and equivalent to 13.86 bg annualized. Net inputs were 1.8% more than a year ago and 2.7% above the five-year average.
There were no imports of ethanol for the fifteenth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of March 2022.)
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