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Weekly Ethanol Production for 4/28/2023

Information courtesy of the Renewable Fuels Association

According to EIA data analyzed by the Renewable Fuels Association for the week ending April 28, ethanol production increased 0.9% to 976,000 b/d, equivalent to 40.99 million gallons daily. The volume produced was 0.7% more than the same week last year and 6.2% above the five-year average for the week. The four-week average ethanol production rate decreased 0.6% to 982,000 b/d, equivalent to an annualized rate of 15.05 billion gallons (bg).

Ethanol stocks receded 3.9% to a 21-week low of 23.4 million barrels. Stocks were 2.2% less than a year ago but 2.1% above the five-year average. Inventories thinned across all regions except the Rocky Mountains (PADD 4) and West Coast (PADD 5).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, slumped 9.4% from the prior week’s 69-week high to 8.62 million b/d (132.11 bg annualized). Demand was 2.7% less than a year ago and 2.1% below the five-year average.

Conversely, refiner/blender net inputs of ethanol rose 1.3% to 911,000 b/d, equivalent to 13.97 bg annualized and a high for the year. Net inputs were 1.8% more than the same week last year and 8.0% above the five-year average.

There were zero imports of ethanol recorded for the twenty-first consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of February 2023.)

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