PDF attached
US weekly ethanol production increased 6,000 barrels per day for the week ending March 24 to 1.003 million barrels, and stocks decreased 661,000 barrels to 25.527 million, lowest in a month. For comparison, a Bloomberg poll looked for weekly US ethanol production to be up 4,000 thousand barrels and stocks down 196,000 barrels. Early September to date ethanol production is running 3.8 percent below the same period year earlier. US gasoline stocks decreased for the sixth consecutive week. They were down 2.9 million barrels to 226.7 million. Implied US gasoline demand increased for the third consecutive week to 9.145 million barrels. The ethanol blending rate into finished motor gasoline increased to 91.2 percent from 89.7 percent previous week.
US DoE Crude Oil Inventories (W/W) 24-Mar: -7.489M (exp 1.750M; prev 11.17M)
Distillate Inventories: 281K (est -1.550M; prev -3.313M)
Cushing OK Crude Inventories: -1.632M (prev -1.063M)
Gasoline Inventories: -2.904M (exp -2.250M; prev -6.399M)
Refinery Utilization: 1.70% (exp 0.55%; prev 0.40%)
| Terry Reilly Senior Commodity Analyst – Grain and Oilseeds |
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Weekly_EIA_Ethanol_Data-FI032923.pdf