Ethanol stocks hit their lowest level this year during the week ending August 8, according to Energy Information Administration data analyzed by the Renewable Fuels Association.

Ethanol stocks retreated 4.7% to 22.6 million barrels, the lowest volume since mid-December 2024. Stocks were 3.0% less than the same week last year and 3.3% below the three-year average.

Ethanol production increased by a little over one percent that same week to 1.09 million b/d, equivalent to 45.91 million gallons daily. Output was two percent higher than the same week last year and five percent above the three-year average for the week. The four-week average ethanol production rate is equivalent to an annualized rate of 16.71 billion gallons (bg).

Ethanol exports expanded 6.0% to an estimated 123,000 b/d (5.2 million gallons/day). It has been more than a year since EIA indicated ethanol was imported.