According to EIA data analyzed by the Renewable Fuels Association for the week ending June 26, ethanol production rose 0.8%, or 7,000 barrels per day (b/d), to 900,000 b/d—equivalent to 37.80 million gallons daily. Production remains tempered due to COVID-19 disruptions, coming in 16.7% below the same week in 2019. The four-week average ethanol production rate rose 4.1% to 868,000 b/d, equivalent to an annualized rate of 13.31 billion gallons.
Ethanol stocks diminished for the tenth consecutive week, down 4.1% to 20.2 million barrels and 11.7% below year-ago volumes. Inventories tightened across all regions and are at their lowest level since the first week of 2017.