According to EIA data analyzed by the Renewable Fuels Association for the week ending December 2, ethanol production shot up 5.8 percent to 1.077 million b/d, equivalent to 45.23 million gallons daily and a 51-week high. Production was 1.2 percent lower than the same week last year yet 1.8 percent above the five-year average for the week. The four-week average ethanol production increased 0.7 percent to 1.037 million b/d, equivalent to an annualized rate of 15.90 billion gallons (bg).

Ethanol stocks rose 1.4 percent to 23.3 million barrels, the largest weekly volume recorded since August. Stocks were 13.6 percent more than a year ago and 6.1 percent above the five-year average. Inventories built across all regions except the Midwest (PADD 2) and Rocky Mountains (PADD 4).

The volume of gasoline supplied to the U.S. market, a measure of implied demand, rose 0.5 percent to 8.36 million b/d (128.13 bg annualized). Demand was 6.7 percent less than a year ago and 4.1 percent below the five-year average.

Conversely, refiner/blender net inputs of ethanol sank 4.8 percent to 848,000 b/d, equivalent to 13.00 bg annualized and a 36-week low. Net inputs were 1.6 percent lower than a year ago and 1.4 percent below the five-year average.

Imports of ethanol arriving into the West Coast were 10,000 b/d, or 2.94 million gallons for the week. This was the second consecutive week of imports. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of October 2022.)

View historical U.S. weekly ethanol supply and demand data at https://ethanolrfa.org/markets-and-statistics/weekly-and-monthly-ethanol-supply-and-demand.

RFA is the leading trade association for America's ethanol industry, working to drive expanded demand for American-made renewable fuels and bio-products worldwide. Visit our website at https://ethanolrfa.org.