US ethanol production slumps to 15.36 billion gallon annual clip
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 981,000 barrels per day—or 41.20 million gallons daily. That is down 23,000 b/d from the week before and the lowest total since the week ended 6/17/2016. Nevertheless, the four-week average for ethanol production remained above the million barrel threshold, registering at 1.002 million b/d for an annualized rate of 15.36 billion gallons.
Stocks of ethanol stood at 20.0 million barrels. That is a 0.9% decrease from last week. Imports of ethanol were zero b/d for the fourth week in a row. Gasoline demand for the week averaged 405.3 million gallons (9.650 million barrels) daily. Refiner/blender input of ethanol averaged 920,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.17%.
Category: Fuels
