US ethanol demand, ethanol stocks drop

In Washington, according to EIA data, ethanol production averaged 797,000 barrels per day (b/d) — or 33.47 million gallons daily. That is down 8,000 b/d from the week before. The four-week average for ethanol production stood at 803,000 b/d for an annualized rate of 12.31 billion gallons. Stocks of ethanol stood at 18.7 million barrels. That is a 3.4% decrease from last week and a 15-week low. Imports of ethanol showed zero b/d, remaining unchanged from last week. Gasoline demand for the week averaged 362.3 million gallons daily — a 16-week high.