For the week ending May 7, 2021, the U.S. Energy Information Administration’s (EIA) total domestic ethanol stocks were reported at 19.34 million barrels, their lowest level for the week since 2014.
Currently, ethanol stocks in three of the five Petroleum Administrations for Defense Districts (PADDs) are at their lowest level since 2016.
Ethanol stocks in the West coast region (PADD 5), which includes Nevada and Arizona, are their second lowest level since 2011.
Potentially boosted by a need to replenish these stocks, ethanol production is also expected to rise in accord with seasonal patterns, according to EIA data.
EIA reports current national ethanol production at 979,000 barrels/day. As the U.S. economy continues to reopen and driving miles increase, domestic ethanol and byproduct production should continue to rise and support truck and rail demand.
