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Ethanol Production Increases

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According to EIA data, ethanol production averaged 1.015 million barrels per day (b/d)—or 42.63 million gallons daily. That is up 25,000 b/d from the week before and the highest rate this month. The four-week average for ethanol production ticked down to 1.002 million b/d for an annualized rate of 15.36 billion gallons.Stocks of ethanol were 21.8 million barrels. That is a 2.2% decrease from last week, and a 22-week low. There were zero imports recorded for the seventh week in a row.

Average weekly gasoline demand decreased 2.8% to 400.6 million gallons (9.538 million barrels) daily. This is equivalent to 146.2 billion gallons annualized. Refiner/blender input of ethanol increased 1.9% to a record volume of 961,000 b/d, equivalent to 14.73 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 10.64%.

Source: RFA

 

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