EIA: Ethanol production up slightly, stocks down

Source: By Erin Voegele, Ethanol Producer Magazine • Posted: Monday, January 25, 2021

U.S. ethanol production was up less than 1 percent the week ending Jan. 15 while weekly ending stocks were down slightly, according to data released by the U.S. Energy Information Administration on Jan. 22.

U.S. ethanol production averaged 945,000 barrels per day the week ending Jan. 15, up 4,000 barrels per day when compared to the 941,000 barrels per day produced during the previous week. When compared to the same week of last year, production was down 104,000 barrels per day.

Production of fuel ethanol has stabilized in recent months after falling to historic lows in the spring of 2020 due to market impacts caused by the COVID-19 pandemic. Ethanol production hit a low of 537,000 barrels per day the week ending April 24, but began to recover in May and June as travel restrictions associated with the pandemic began to ease and demand for transportation fuels started to recover. Production levels since July have been maintained at a level above 900,000 barrels per day, but are down roughly 10 percent when compared to the same period of last year.

Weekly ending stocks of fuel ethanol fell to 23.628 million barrels the week ending Jan. 22, down 64,000 barrels when compared to the 23.692 million barrels of stocks reported for the previous week.

Stocks of fuel ethanol trended down for several months after reaching a record high of 27.289 million barrels the week ending April 17 and remained at levels below those reported for the same period of 2019 through mid-November. Ending stocks, however, have been trending higher in recent months. When compared to the same week of last year, ethanol stocks for the week ending Jan. 15 were up 403,000 barrels.