Home News Feed U.S. Ethanol Production Hits 4 Week High

U.S. Ethanol Production Hits 4 Week High

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According to EIA data analyzed by the Renewable Fuels Association, average ethanol production expanded by 5.4% to 1.019 million barrels per day (b/d)—or 42.80 million gallons daily. That is up 52,000 b/d from the week before and a four-week high. The four-week average for ethanol production dropped to 998,000 b/d–the first time in 23 weeks to fall below a million b/d, for an annualized rate of 15.30 billion gallons. Stocks of ethanol remained at 21.5 million barrels for the third straight week.

Imports of ethanol remained flat at zero b/d for the fifth week in a row.

Average weekly gasoline demand decreased 3.6% to a 33-week low of 383.7 million gallons (9.136 million barrels) daily. This is equivalent to 140.1 billion gallons annualized. Refiner/blender input of ethanol decreased 1.6% to 922,000 b/d, equivalent to 14.13 billion gallons annualized. This means gasoline contained an average of 10.09% ethanol for the week.

Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.15%.

Source: RFA

 

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