US ethanol production drops to 15.54B gallon annual rate

June 11, 2017 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 999,000 barrels per day (b/d)—or 41.96 million gallons daily. That is down 21,000 b/d (-2.1%) from the week before and a five-week low. The four-week average for ethanol production decreased to 1.014 million b/d for an annualized rate of 15.54 billion gallons.

Stocks of ethanol were 22.0 million barrels, down 3.5% from last week to the lowest level since late January. Average weekly gasoline demand plunged 5.1% from the previous week’s record volume. Gasoline demand tallied at 391.3 million gallons (9.317 million barrels) daily, for an annualized rate of 142.8 billion gallons. Refiner/blender input of ethanol sank 4.3% to 909,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production fell to 10.72%.

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