Home Market Weekly Ethanol Production Edges Higher

Weekly Ethanol Production Edges Higher

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According to EIA data, ethanol production averaged 1.012 million barrels per day (b/d)—or 42.50 million gallons daily. That is up 10,000 b/d from the week before. The four-week average for ethanol production edged higher to 1.013 million b/d for an annualized rate of 15.53 billion gallons. Stocks of ethanol were 21.3 million barrels. That is a 1.9% increase from last week.There were zero imports recorded for the week.

Average weekly gasoline demand decreased 0.5% from last week’s record volume to 411.5 million gallons (9.797 million barrels) daily. This is equivalent to 150.2 billion gallons annualized. Over the past 12 weeks, gasoline demand has averaged 148.2 billion gallons annualized.

Refiner/blender input of ethanol decreased 1.4% to 938,000 b/d, equivalent to 14.38 billion gallons annualized.

Source: RFA

Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 10.33%.