PDF attached
Weekly US ethanol production fell a large 36,000 barrels per day to 1.051 million (trade was looking for a 1000 decline) from the previous week and stocks were off 178,000 barrels to 20.705 million (trade was looking for a 168,000-barrel increase). Ethanol production is down on average 7,000 barrels over the past 4 weeks. Early September to date ethanol production is running 8.6% above Pandemic levels year earlier and up 1.1% from the same period in 2019. Gasoline stocks increased 5.53 million barrels to 224.1 million, near 2019 levels (2 years ago). The rate of ethanol blended into finished motor gasoline was running at 91.1%, above 89.2% previous week.
US DoE Crude Oil Inventories (W/W) 17-Dec: -4715K (est -2500K; prev -4584K)
– Distillate: 396K (est -250K; prev -2852K) – Cushing: +1463K (prev 1294K) – Gasoline: 5533K (est 650K; prev -719K) – Refinery Utilization: -0.2% (est 0.8%; prev 1.0%)
EIA: US Gasoline Demand Over Past 4 Weeks: 9.05 Mln Bpd, +14.7 Y/Y
– Distillate Demand Over Past 4 Weeks: 4.13 Mln Bpd, +7.5% Y/Y
EIA: US Crude Stocks In SPR Fell To Lowest Since Nov 2002 Last
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI122221.pdf