US ethanol production dips to 14.41 billion gallon annual rate

May 22, 2016 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 948,000 barrels per day (b/d)—or 39.82 million gallons daily. That is down 14,000 b/d from the week before. The four-week average for ethanol production stood at 940,000 b/d for an annualized rate of 14.41 billion gallons. Stocks of ethanol stood at 21.1 million barrels. That is a 0.7% decrease from last week and tied with the week ended 1/01/2016 for the lowest total of the year.Imports of ethanol were nonexistent for the 22nd week in a row.

Gasoline demand for the week averaged 409.7 million gallons (9.755 million barrels) daily. Refiner/blender input of ethanol averaged 918,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.72%.

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