NASHVILLE, TENN. (RFD-TV) — U.S. ethanol plants pushed to a new weekly production record as October closed, offering a strong signal of steady grind and favorable margins. According to EIA data analyzed by the Renewable Fuels Association, output for the week ending Oct. 31 rose 2.9% to 1.12 million barrels per day, equal to 47.17 million gallons daily. Production ran 1.6% above last year and 5.3% above the three-year average, with the four-week average climbing to 1.10 million b/d, an annualized rate of 16.91 billion gallons.
Ethanol stocks also built, rising 1.3% to 22.7 million barrels, now running 2.9% ahead of last year and 4.2% above typical levels. Inventories increased in every region except the Rockies and West Coast, reflecting strong Midwest output and ample storage capacity. Gasoline supplied—an indicator of implied fuel demand—slipped 0.6% to 8.87 million b/d, a level slightly stronger than a year ago but still 2.6% below the three-year seasonal benchmark.
Refiner and blender net inputs of ethanol fell 0.8% to 904,000 b/d, a figure now 1.5% below last year but marginally above the longer-term average. Export volumes softened significantly, sliding 38.9% to an estimated 107,000 b/d, while EIA continued to report no imports for more than a year.
