US weekly ethanol production hits 2nd highest total ever

According to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.006 million barrels per day—or 42.25 million gallons daily. That is up an astounding 46,000 b/d from the week before and the second-largest total on record. The four-week average for ethanol production stood at 965,000 b/d for an annualized rate of 14.79 billion gallons. Stocks of ethanol stood at 20.2 million barrels. That is a 2.6% decrease from last week. Gasoline demand for the week averaged 401.9 million gallons (9.568 million barrels) daily. Refiner/blender input of ethanol averaged 904,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.51%.

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