EIA: Ethanol production up 5%, stocks up 2%
SOURCE: U.S. Energy Information Administration
August 16, 2023
BY Erin Voegele
U.S. fuel ethanol production was up nearly 5 percent the week ending Aug. 11, according to data released by the U.S. Energy Information Administration on Aug. 16. Ethanol stocks were up more than 2 percent, with exports up more than 14 percent.
Fuel ethanol production averaged 1.069 million barrels per day the week ending Aug. 11, up 46,000 barrels per day when compared to the 1.023 million barrels per day of production reported for the previous week. When compared to the same week of last year, production for the week ending Aug. 11 was up 86,000 barrels per day.
Weekly ending stocks of fuel ethanol reached 23.435 million barrels the week ending Aug. 11, up 555,000 barrels when compared to 22.88 million barrels of stocks reported for the previous week. When compared to the same week of last year, stocks for the week ending Aug. 11 were down 11,000 barrels.
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Exports of fuel ethanol averaged 79,000 barrels per day the week ending Aug. 11, up 10,000 barrels when compared to the 69,000 barrels per day of exports reported for the previous week. Data on weekly ethanol exports is not available for the corresponding week of 2022 as the EIA began reporting weekly data on fuel ethanol exports in June 2023. According to EIA data, no fuel ethanol imports were reported for the week ending Aug. 11.
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