Ethanol stocks hit 4 week high as 2015 sales lag 2% behind 2014
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 930,000 barrels per day —or 39.06 million gallons daily. That is up 6,000 b/d from the week before, but still well below the year-to-date average of 951,000 b/d. The four-week average for ethanol production stood at 935,000 b/d for an annualized rate of 14.33 billion gallons. Stocks of ethanol stood at 21.3 million barrels. That is a 3.4% increase from last week and a four-week high.
Imports of ethanol were 53,000 b/d, marking the first recorded import shipments of the year. The import volume was also the highest since the week ended 8/02/2013.
Gasoline demand for the week averaged a robust 385.8 million gallons daily. Refiner/blender input of ethanol averaged 879,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.13%, the second-lowest rate of the year.
Category: Fuels
