US ethanol production rises to record 16.08B gallon annual output

January 29, 2017 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.051 million barrels per day (b/d)—or 44.14 million gallons daily. That is down slightly by 3,000 b/d from the previous week’s all-time record high and the 13th straight week over 1 million b/d. The four-week average for ethanol production stood at an unprecedented 1.049 million b/d for an annualized rate of 16.08 billion gallons.

Stocks of ethanol stood at 21.7 million barrels. That is a 2.9% increase from last week and the highest total since the week ended 4/29/2016. Gasoline demand for the week averaged 337.6 million gallons (8.039 million barrels) daily, the lowest in nearly three years. Refiner/blender input of ethanol averaged 833,000 b/d, meaning gasoline contained an average of 10.36% ethanol.

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