NASHVILLE, TN – U.S. ethanol production climbed 2.2% during the week ending October 23 to a 13-week high of 1.12 million barrels per day, according to Energy Information Administration data analyzed by the Renewable Fuels Association.
Output was 2.5% above the same week last year and 4.1% above the five-year average. The four-week production average rose to 1.08 million barrels per day, equivalent to an annualized 16.60 billion gallons.
Ethanol inventories slipped 0.1% to 24.5 million barrels but remained 9.6% above year-ago levels and 14% above the five-year average. Stocks declined along the East and Gulf coasts while increasing elsewhere.
Gasoline supplied to the U.S. market fell 6.9% to 8.36 million barrels per day, the lowest since December 2025. Implied demand was 6.3% below last year and 7% below the five-year average.
Refiner and blender ethanol inputs rose 1.8% to 907,000 barrels per day, while exports fell 12.1% to 116,000 barrels per day. Strong production alongside weaker gasoline demand could keep inventories and blending economics important for corn and ethanol markets.
Farm-Level Takeaway: Strong ethanol output continues supporting corn demand, but weaker gasoline use and elevated inventories remain key risks for producers.