EIA says US ethanol production expands as 2014 begins

In Washington, according to the Energy Information Administration ethanol production averaged 919,000 barrels per day (b/d)—or 38.60 million gallons daily. That is up 6,000 b/d from the week before. The four-week average for ethanol production stood at 922,000 b/d for an annualized rate of 14.13 billion gallons. Stocks of ethanol stood at 16.1 million barrels. That is a 3.6% increase from last week. Gasoline demand for the week averaged 347.5 million gallons daily, reflecting winter storm-induced reductions in travel. Ethanol input by blenders and refiners fell to its lowest point since the first week of 2013. Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.11%, the highest in four weeks.

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