EIA: US ethanol stocks reach record 24.448 million barrels

By Erin Voegele | March 27, 2019

Data released by the U.S. Energy Information Administration March 27 indicates weekly U.S. ending stocks of fuel ethanol set a new record for the second week in a row, reaching 24.448 million barrels the week ending March 22.

The new record replaces the one set the week ending March 15, when ethanol stocks reached 24.412 million barrels. Ethanol stocks increased approximately 36,000 barrels between March 15 and March 22. When compared to ethanol ending stocks for the same week of the prior year, stocks were up approximately 1.658 million barrels.

While ethanol stocks increased, weekly production was down. According to the EIA, U.S. ethanol production fell to an average of 975,000 barrels per day during the week ending March 22, down from 1.004 million barrel per day the previous week.

Ethanol production and ending stock levels for the week ending March 22 were likely impacted by flooding in areas of the Midwest.

On March 22, Growth Energy CEO Emily Skor sent a letter to the U.S. Department of Transportation urging the agency to help expedite rail delivery of biofuels amid the historic flooding. In that letter, Skor warned that logistics problems associated with the flooding have caused ethanol supplies in some U.S. markets to become tight. She also warned that logistics problems could force some plants to reduce production as their storage capacity becomes fully utilized.