Ethanol production down again this week

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, ethanol production averaged 1.042 million barrels per day (b/d)—or 43.76 million gallons daily. That is down 9,000 b/d from the week before. The four-week average for ethanol production increased to 1.041 million b/d–marking the highest average in 22 weeks–for an annualized rate of 15.96 billion gallons. Stocks of ethanol were 21.3 million barrels. That is a 0.9% decrease from last week. There were zero imports recorded for the second week in a row.

Average weekly gasoline demand increased 2.3% to 413.5 million gallons (9.846 million barrels) daily. This is equivalent to 150.9 billion gallons annualized. Refiner/blender input of ethanol increased 0.8% to 956,000 b/d, equivalent to 14.66 billion gallons annualized. That represented a nine-week high and the second-highest rate in 60 weeks. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.58%.