After 9 week high, ethanol production down this week

In Washington, DC, according to EIA data, ethanol production averaged 1.012 million barrels per day (b/d)—or 42.50 million gallons daily. That is down 14,000 b/d from the week before. The four-week average for ethanol production decreased to 1.015 million b/d for an annualized rate of 15.56 billion gallons.

Stocks of ethanol were 21.5 million barrels. That is a 2.7% decrease from last week. There were zero imports recorded for the eleventh week in a row.

Average weekly gasoline demand increased 2.4% to 412.5 million gallons (9.821 million barrels) daily–just 42,000 gallons/day shy of the all-time weekly record broken two months prior. Gasoline demand is equivalent to 150.6 billion gallons annualized. Refiner/blender input of ethanol increased 2.6% to 945,000 b/d, equivalent to 14.49 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.30%.