US ethanol production dips to 15.76B gallon annual rate

December 23, 2016 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.036 million barrels per day (b/d)—or 43.51 million gallons daily. That is down 4,000 b/d from last week’s record high. The four-week average for ethanol production stood at 1.028 million b/d for an annualized rate of 15.76 billion gallons. Stocks of ethanol stood at 19.1 million barrels. That is a 0.1% decrease from last week.

Imports of ethanol remained nonexistent for the 17th straight week. Gasoline demand for the week averaged 389.3 million gallons (9.269 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 11.18%.

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