EIA: Ethanol production up 2%, stocks increase slightly

By Erin Voegele | November 04, 2020

U.S. fuel ethanol production increased by 2 percent the week ending Oct. 30, while weekly ending stocks increased slightly, according to data released by the U.S. Energy Information Administration on Nov. 4.

U.S. ethanol production reached 961,000 barrels per day the week ending Oct. 30., up 20,000 barrels per day when compared to the average of 941,000 barrels per day reported for the previous week. When compared to the 1.014 million barrels per day produced during the same week of 2019, production was down 53,000 barrels per day.

Production of fuel ethanol has stabilized in recent months after falling to historic lows last spring 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 fuel started to recover. Production levels since July have generally stabilized in the range of 900,000 to 950,000 barrels per day, down roughly 10 percent when compared to the same period of last year.

Weekly ending stocks of fuel ethanol increased to 19.675 million barrels the week ending Oct. 30, up approximately 74,000 barrels when compared to the 19.601 million barrels reported for the previous week. Stocks of fuel ethanol have fallen over the past several months after reaching a record high of 27.289 million barrels the week ending April 17. When compared to the same week of last year, ethanol stocks were down 2.199 million barrels.