According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 981,000 barrels per day (b/d)—or 41.20 million gallons daily. That is down 23,000 b/d from the week before and the lowest total since the week ended 6/17/2016. Nevertheless, the four-week average for ethanol production remained above the million barrel threshold, registering at 1.002 million b/d for an annualized rate of 15.36 billion gallons.
Stocks of ethanol stood at 20.0 million barrels. That is a 0.9% decrease from last week.
Imports of ethanol were zero b/d for the fourth week in a row.
Gasoline demand for the week averaged 405.3 million gallons (9.650 million barrels) daily. Refiner/blender input of ethanol averaged 920,000 b/d.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.17%.
