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Weekly Ethanol Production for 7/22/2022

According to EIA data analyzed by the Renewable Fuels Association for the week ending July 22, ethanol production slowed by 1.3% to 1.021 million b/d, equivalent to 42.89 million gallons daily. Production was 0.7% more than the same week last year as well as the five-year average for the week. The four-week average ethanol production volume decreased 0.7% to 1.026 million b/d, equivalent to an annualized rate of 15.73 billion gallons (bg).
Ethanol stocks shrank 1.0% to 23.3 million barrels. Stocks were 2.6% higher than a year ago and 5.8% above the five-year average. Inventories thinned across all regions except the Gulf Coast (PADD 3).
The volume of gasoline supplied to the U.S. market, a measure of implied demand, vaulted 8.5% to a three-week high of 9.25 million b/d (141.73 bg annualized). However, demand was 0.9% less than a year ago and 2.5% below the five-year average.
Refiner/blender net inputs of ethanol rose 0.9% to 895,000 b/d, equivalent to 13.72 bg annualized. Net inputs were 3.8% less than a year ago and 3.5% below the five-year average.
There were no imports of ethanol for the tenth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of May 2022.)
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