In Washington, D.C. ethanol production scaled back 15,000 barrels per day (b/d), a 1.4% decrease, at an average of 1.081 million barrels per day (b/d)— 45.40 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. However, the four-week average ethanol production rate moved 0.3% higher to 1.070 million b/d, equivalent to an annualized rate of 16.40 billion gallons (bg).
Ethanol stocks tightened by 0.9% to 21.6 million barrels, a 55-week low. Reserves were 0.2% lower compared to year ago volumes and 3.0% below two years ago this week. Stocks built in the Rocky Mountain (PADD 4) and West Coast (PADD 5) regions but declined across the other PADDs. There were zero imports recorded after 44,000 b/d hit the books last week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of April 2019.)
The volume of gasoline supplied rose 0.5% to a record 9.928 million b/d (417.0 million gallons per day, or 152.20 bg annualized). Refiner/blender net inputs of ethanol decreased 1.2% to 942,000 b/d, equivalent to 14.44 bg annualized, but remained 0.7% above the year-ago level. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.89%.