According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.023 million barrels per day (b/d)—or 42.97 million gallons daily. That is down 5,000 b/d from the week before. Nonetheless, it is the seventh time in 10 weeks production has surpassed 1 million b/d. The four-week average for ethanol production stood at a record 1.025 million b/d for an annualized rate of 15.71 billion gallons.Stocks of ethanol stood at 20.9 million barrels. That is a 0.5% increase from last week and a six-week high.Imports of ethanol were zero b/d, down from last week.
Gasoline demand for the week averaged 399.5 million gallons (9.511 million barrels) daily. Refiner/blender input of ethanol averaged 929,000 b/d, the lowest in seven weeks.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.76%, the highest rate since the last week of February.
