US ethanol production hits 15-week high, reaches 15.58B gallon rate
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.023 million barrels per day (b/d)—or 42.97 million gallons daily. That is up 11,000 b/d from the week before and tied for the largest total in 15 weeks. The four-week average for ethanol production stood at 1.016 million b/d for an annualized rate of 15.58 billion gallons.
Stocks of ethanol stood at 18.5 million barrels. That is a negligible increase of 0.4% from last week’s 57-week low. The publication of October export data on Tuesday confirmed that total ethanol demand generally outstripped production during late September and all of October, lending credence to the recent stock draw indicated by EIA data. Imports of ethanol were zero b/d for the 15th straight week.
Category: Fuels
