Saturday, June 15, 2024
HomeMarketsWeekly Ethanol Production for 7/21/2023

Weekly Ethanol Production for 7/21/2023

This article is provided by the Renewable Fuels Association

According to EIA data analyzed by the Renewable Fuels Association for the week ending July 21, ethanol production expanded 2.2% to 1.094 million b/d, equivalent to 45.95 million gallons daily and the highest level since late October 2021. Output was 7.1% more than the same week last year and 7.5% above the five-year average for the week. The four-week average ethanol production rate increased 1.0% to 1.064 million b/d, equivalent to an annualized rate of 16.31 billion gallons (bg).

Ethanol stocks ticked up 0.3% to an 11-week high of 23.2 million barrels. Stocks were 0.4% less than a year ago but 3.0% above the five-year average. Inventories built in the Gulf Coast (PADD 3) but thinned across the other regions.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, rose 0.9% to 8.94 million b/d (137.03 bg annualized). However, demand was 3.3% less than a year ago and 4.5% below the five-year average.

Refiner/blender net inputs of ethanol climbed 1.8% to 913,000 b/d, equivalent to 14.00 bg annualized. Net inputs were 2.0% more than the same week last year but 0.4% below the five-year average.

Ethanol exports were estimated at 86,000 b/d (3.6 million gallons per day), even with the prior week. There were zero imports recorded for the 33rd consecutive week.

- Advertisment -

Latest Stories