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Weekly Ethanol Production for 11/18/2022

According to EIA data analyzed by the Renewable Fuels Association for the week ending November 18, ethanol production rebounded 3.0% to 1.041 million b/d, equivalent to 43.72 million gallons daily. Production was 3.5% lower than the same week last year and 0.7% below the five-year average for the week. The four-week average ethanol production volume rose to a 19-week high of 1.036 million b/d, equivalent to an annualized rate of 15.88 billion gallons (bg).

Ethanol stocks built 7.2% to 22.8 million barrels, the highest level in ten weeks. Stocks were 13.2% above the year-ago level and 7.4% above the five-year average. Inventories increased across all regions.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, fell 4.7% to 8.33 million b/d (127.65 bg annualized). Demand was 10.8% less than a year ago and 6.6% below the five-year average.

Refiner/blender net inputs of ethanol ticked down 0.8% to 886,000 b/d, equivalent to 13.58 bg annualized. Net inputs were equal to the year-ago level but 1.0% below the five-year average.

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

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