Weekly ethanol production declines as gasoline demand also slows

In the US, ethanol production averaged 992,000 b/d last week, or 41.66 million gallons daily, down 3000 b/d from the week before. The four-week average for ethanol production stood at 991,000 b/d for an annualized rate of 15.19 gallons, reported the Renewable Fuels Association.

Stocks of ethanol stood at 23.0 million barrels, a 2.2% increase from last week.

Gasoline demand for the week averaged 388.2 million gallons (9.244 million barrels) daily—a four­week low. Year-­to-­date gasoline demand has averaged 9.051 million b/d, nearly 3% higher than the same period a year ago.

Refiner/blender input of ethanol averaged 890,000 b/d—the highest of the year and 2.4% above year­ago levels. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.73%, the highest rate in four weeks.

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