U.S. ethanol production was up again the week ending October 22 to 1.106 million barrels per day, the second-highest volume on record and just 2,000 barrels below the all-time record. The record is 1.108 million b/d produced the week ending Dec. 1, 2017.
According to EIA data analyzed by the Renewable Fuels Association (RFA), production was 17.5% above the same COVID-impacted week last year and 10.2% above the same week in 2019. The four-week average ethanol production volume increased 4.8% to 1.053 million b/d, equivalent to an annualized rate of 16.14 billion gallons (bg).
Ethanol stocks dipped 0.8% to 19.9 million barrels, 1.7% above the year-ago level but 5.6% lower than the same week in 2019. Imports of ethanol arriving into the West Coast were 36,000 b/d, or 10.58 million gallons for the week – the first imports in five weeks.