According to EIA data analyzed by the Renewable Fuels Association for the week ending January 20, ethanol production ticked up 0.4 percent to 1.012 million b/d, equivalent to 42.50 million gallons daily. Production was 2.2 percent lower than the same week last year but 0.2 percent above the five-year average for the week. The four-week average ethanol production rate increased 1.3 percent to 952,000 b/d, equivalent to an annualized rate of 14.59 billion gallons (bg).

Ethanol stocks swelled 7.2 percent to a 42-week high of 25.1 million barrels. Stocks were 2.5 percent more than a year ago and 5.1 percent above the five-year average. Inventories built across all regions.

The volume of gasoline supplied to the U.S. market, a measure of implied demand, rose 1.1 percent to 8.14 million b/d (124.82 bg annualized). Yet, demand was 4.3 percent less than a year ago and 6.9 percent below the five-year average.

Conversely, refiner/blender net inputs of ethanol declined 0.5 percent to 830,000 b/d, equivalent to 12.72 bg annualized. Net inputs were 4.4 percent more than a year ago but 0.7 percent below the five-year average.

There were zero imports of ethanol recorded for the seventh consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of November 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.