Ethanol output up 1.4% over last week after 7 week decline : Biofuels Digest

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In Washington, D.C., ethanol production averaged 1.038 million barrels per day (b/d)— equivalent to 43.60 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Output expanded by 15,000 b/d (1.4%) from the previous week. The four-week average ethanol production rate increased 0.2% to 1.037 million b/d after seven weeks of consecutive declines. This is equivalent to an annualized rate of 15.90 billion gallons.

In contrast, ethanol stocks shrank 1.6% to an eight-week low of 23.0 million barrels. Stocks declined sharply in the East Coast (PADD 1) and West Coast (PADD 5) but increased across all other regions. Imports of ethanol arriving into the West Coast were 9,000 b/d, or 2.65 million gallons for the week. This is the second time this month that imports were logged and the fifth for the year. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of June 2019.)

The volume of gasoline supplied vaulted 2.8% to 9.900 million b/d (415.8 million gallons per day, or 151.77 bg annualized), the second-largest volume on record. Refiner/blender net inputs of ethanol eased 0.6% to 955,000 b/d, equivalent to 14.64 bg annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to a 16-week low of 10.48%.



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