US ethanol production slips to 15.53B gallon rate
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 993,000 barrels per day (b/d)—or 41.71 million gallons daily. That is up 7,000 b/d from the week before but still settling below the million b/d threshold. The four-week average for ethanol production slipped to 1.01 million b/d for an annualized rate of 15.53 billion gallons.
Stocks of ethanol marginally clipped up to 23.0 million barrels. Average weekly gasoline demand decreased by 0.6% to 387.4 million gallons (9.223 million barrels) daily. Refiner/blender input of ethanol expanded by 0.4% to 912,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production rebounded from the prior week’s drop to 10.77%.
Category: Fuels
