Home News U.S. Ethanol Production Hits 11 Week Low

U.S. Ethanol Production Hits 11 Week Low

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According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.032 million barrels per day (b/d)—or 43.34 million gallons daily. That is down 58,000 b/d from the week before and an 11-week low. The four-week average for ethanol production decreased to 1.072 million b/d for an annualized rate of 16.43 billion gallons. Stocks of ethanol were 22.6 million barrels. That is a 2.7% increase and the largest reserves in 31 weeks. There were zero imports recorded for the fourth week in a row.

Average weekly gasoline demand decreased 8.8% to 363.3 million gallons (8.650 million barrels) daily. This is equivalent to 132.6 billion gallons annualized and a 46-week low. Refiner/blender input of ethanol followed suit, decreasing 9.6% to 855,000 b/d and equivalent to 13.11 billion gallons annualized—also the weakest demand in 46 weeks. The ethanol content in gasoline supplied to the market averaged 9.88%, down from 9.97% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.93%.

Source: RFA