Jan 13, 2021
U.S. ethanol production was up nearly 1 percent the week ending Jan. 8, according to data released by the U.S. Energy Information Administration on Jan. 13. Weekly ending stocks of fuel ethanol increased by nearly 2 percent.
U.S. ethanol production averaged 941,000 barrels per day the week ending Jan. 8, up 6,000 barrels per day when compared to the 935,000 barrels per day produced during the previous week. When compared to the same week of last year, production was down 154,000 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 increased to 23.692 million barrels the week ending Jan. 8, up 408,000 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. 8 were up 686,000 barrels.
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