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According to EIA data, ethanol production averaged 1.054 million barrels per day (b/d)—or 44.27 million gallons daily. That is a 10,000 b/d increase from the week before and a seven-week high. The four-week average for ethanol production increased to 1.041 million b/d for an annualized rate of 15.96 billion gallons.

Stocks of ethanol increased 3.1% from last week to 23.3 million barrels, tying the record high experienced in early March 2016.
Imports of ethanol were nonexistent for the 30th straight week.

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Average weekly gasoline demand rose to 400.0 million gallons (9.524 million barrels) daily)—the highest weekly average since September 2016 and slightly above year-ago levels. Refiner/blender input of ethanol averaged 911,000 b/d.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.07%.

Source: RFA

 

 

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