Home News Feed U.S. Ethanol Production Hits 6 Week High

U.S. Ethanol Production Hits 6 Week High

SHARE

According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.039 million barrels per day (b/d)—or 43.64 million gallons daily and a 6-week high. That is up 19,000 b/d from the week before and 48,000 b/d greater than a year ago. The four-week average for ethanol production increased to 1.009 million b/d for an annualized rate of 15.47 billion gallons. Stocks of ethanol were 21.0 million barrels—a 2.3% decrease from last week. Imports of ethanol remained flat at zero b/d for the sixth week in a row.

Average weekly gasoline demand increased 1.9% to 391.2 million gallons (9.314 million barrels) daily. This is equivalent to 142.8 billion gallons annualized. Refiner/blender input of ethanol increased 0.3% to 925,000 b/d, equivalent to 14.18 billion gallons annualized.

 

Expressed as a percentage of daily gasoline demand, daily ethanol production ticked up to 11.16%.

Source: RFA