In Washington, D.C., ethanol production rose 2.0% to 1.060 million b/d, equivalent to 44.52 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Production was 3.4% more than the same week last year and 6.0% above the five-year average for the week.
The four-week average ethanol production volume increased 1.7% to 1.046 million b/d, equivalent to an annualized rate of 16.04 billion gallons (bg). Ethanol stocks tightened by 1.9% to 23.2 million barrels. However, stocks were 12.6% higher than a year ago and 7.9% above the five-year average. Inventories thinned across the Midwest (PADD 2) and Gulf Coast (PADD 3) but expanded in the other regions.
The volume of gasoline supplied to the U.S. market, a measure of implied demand, declined 1.2% to 9.09 million b/d (139.40 bg annualized). Demand was 2.9% less than a year ago and 1.8% below the five-year average.
Refiner/blender net inputs of ethanol increased by 0.3% to 901,000 b/d, equivalent to 13.81 bg annualized. Net inputs were 1.0% less than a year ago and 0.3% below the five-year average. There were no imports of ethanol for the fourth consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of April 2022.)
