In Indonesia, ethanol production scaled up by 54,000 barrels per day (b/d), or 5.5%, to a 13-week high of 1.032 million b/d, equivalent to 43.34 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association for the week ending October 8. Production was 10.1% above the same week last year, which was affected by the pandemic, and 6.3% above the same week in 2019.
The four-week average ethanol production volume increased 2.6% to 962,000 b/d, equivalent to an annualized rate of 14.75 billion gallons (bg).
Ethanol stocks shrank 0.4% to 19.8 million barrels, the lowest weekly reserves since May. Stocks were 0.8% below the year-ago level and 10.0% below the same week in 2019. Inventories declined across all regions except the Midwest (PADD 2) and Gulf Coast (PADD 3).
The volume of gasoline supplied to the U.S. market, a measure of implied demand, declined 2.6% to 9.19 million b/d (140.82 bg annualized). Gasoline demand was 7.1% above a year ago but 1.8% less than the same week in 2019.
Refiner/blender net inputs of ethanol decreased 0.8% to 904,000 b/d, equivalent to 13.86 bg annualized. Net inputs were 4.6% above a year ago but 4.0% less than the same week in 2019.
There were zero imports of ethanol recorded for the third consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of August 2021.)