According to EIA data analyzed by the Renewable Fuels Association for the week ending July 24, 2026, ethanol production accelerated 3.6% to a 28-week high of 1.13 million b/d, equivalent to 47.59 million gallons daily and the second-largest level on record. Output was 3.4% higher than the same week last year and 6.3% above the five-year average for the week. The four-week average ethanol production rate increased 0.4% to 1.09 million b/d, equivalent to an annualized rate of 16.76 billion gallons (bg).
Ethanol stocks expanded 1.0% to a 9-week high of 24.7 million barrels. Stocks were effectively even with the same week last year and 5.1% above the five-year average. Inventories built across all regions except the East Coast (PADD 1) and Rocky Mountains (PADD 4).
The volume of gasoline supplied to the U.S. market, a measure of implied demand, rose 1.1% to a 4-week high of 9.04 million b/d (138.98 bg annualized). Yet, demand was 1.2% less than a year ago and 0.8% below the five-year average.
Refiner/blender net inputs of ethanol crept up 0.1% to 939,000 b/d, equivalent to 14.43 bg annualized, marking the highest volume since mid-May 2025. Net inputs were 2.1% more than year-ago levels and 2.0% above the five-year average.
Ethanol exports declined 13.3% to 137,000 b/d (5.8 million gallons/day). It has been more than two years since EIA indicated ethanol was imported.
Comments