Data released by the U.S. Energy Information Administration on May 7th shows that U.S. fuel ethanol production experienced a decrease of nearly 2% for the week ending May 2nd. The report also indicated a drop in fuel ethanol stocks by 1% and a fall in exports by almost 9%, reports Ethanol Producer Magazine.
For the week ending May 2nd, the average fuel ethanol production was 1.02 million barrels per day. This represents a decrease of 20,000 barrels per day compared to the previous week’s production of 1.04 million barrels per day. However, when compared to the same week in the previous year, the production for the week ending May 2nd showed an increase of 55,000 barrels per day.
Weekly ending stocks of fuel ethanol also saw a decline, falling to 25.191 million barrels for the week ending May 2nd. This is a decrease of 198,000 barrels compared to the 25.389 million barrels of stocks reported for the week prior. When viewed year-over-year, the stocks for the week ending May 2nd were up by 991,000 barrels compared to the same week last year.
Fuel ethanol exports experienced a drop as well, falling to an average of 129,000 barrels per day for the week ending May 2nd. This is a decrease of 12,000 barrels per day compared to the 141,000 barrels per day of exports reported for the previous week. When compared to the same week last year, the exports for the week ending May 2nd were down by 51,000 barrels per day. The report also noted that there were no imports of fuel ethanol reported for the week ending May 2nd.
