According to EIA data, ethanol production averaged 1.014 million barrels per day (b/d)—or 42.59 million gallons daily. That is down 1,000 b/d from the week before. The four-week average for ethanol production increased to 1.006 million b/d for an annualized rate of 15.42 billion gallons. Stocks of ethanol contracted to 21.6 million barrels. That is a 0.9% decrease from last week and a 24-week low. There were zero imports recorded for the eighth week in a row.
Average weekly gasoline demand increased 1.8% to 407.6 million gallons (9.705 million barrels) daily. This is equivalent to 148.8 billion gallons annualized. Refiner/blender input of ethanol backed off from the prior week’s record volume, decreasing 1.7% to 945,000 b/d. This is equivalent to 14.49 billion gallons annualized.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.45%.