US ethanol demand rises to 14.81 billion gallon annual rate
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 975,000 barrels per day (b/d)—or 40.95 million gallons daily. That is up 6,000 b/d from the week before. The four-week average for ethanol production stood at 966,000 b/d for an annualized rate of 14.81 billion gallons. Stocks of ethanol stood at 23.2 million barrels. That is a 1.1% increase from last week and the largest total EIA has ever recorded.
Gasoline demand for the week averaged 386.5 million gallons (9.203 million barrels) daily, the highest of the year and a 4.5% increase over year-ago levels. Refiner/blender input of ethanol averaged 878,000 b/d, also the highest of the year. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.59%, the lowest ratio of the year.
Category: Fuels
