According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 962,000 barrels per day (b/d)—or 40.40 million gallons daily. That is down 18,000 b/d from the week before and tied for the lowest total in 16 weeks. The four-week average for ethanol production stood at 978,000 b/d for an annualized rate of 14.99 billion gallons.
Stocks of ethanol stood at 19.4 million barrels. That is a 3.9% decrease from last week and the lowest total since the week ended 11/13/2015.
Imports of ethanol remained flat at zero b/d for the seventh week in a row.
Gasoline demand for the week averaged 389.1 million gallons (9.264 million barrels) daily. Refiner/blender input of ethanol averaged 916,000 b/d.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.38%.
