Saturday, May 25, 2024
HomeMarketsWeekly Ethanol Production for 5/5/2023

Weekly Ethanol Production for 5/5/2023

-Courtesy of the Renewable Fuels Association

According to EIA data analyzed by the Renewable Fuels Association for the week ending May 5, ethanol production declined 1.1% to a four-week low of 965,000 b/d, equivalent to 40.53 million gallons daily. The volume produced was 2.6% less than the same week last year but 2.7% above the five-year average for the week. The four-week average ethanol production rate edged 0.1% higher to 983,000 b/d, equivalent to an annualized rate of 15.07 billion gallons (bg).

Ethanol stocks eased 0.3% to a 22-week low of 23.3 million barrels. Stocks were 3.5% less than a year ago but 4.5% above the five-year average. Inventories thinned across all regions except the East Coast (PADD 1) and Midwest (PADD 2).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, perked up 7.9% to 9.30 million b/d (142.61 bg annualized). Demand was 6.9% more than a year ago and 6.7% above the five-year average.

Conversely, refiner/blender net inputs of ethanol slipped 1.5% to 897,000 b/d, equivalent to 13.75 bg annualized. Net inputs were 0.8% less than the same week last year yet 3.0% above the five-year average.

There were zero imports of ethanol recorded for the 22nd consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of March 2023.)

RELATED ARTICLES
- Advertisment -

Latest Stories