Ethanol production up with highest percentage of daily gasoline demand in 27 weeks

September 9, 2017 |

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, ethanol production averaged 1.060 million barrels per day (b/d)—or 44.52 million gallons daily. That is up 17,000 b/d from the week before and just a hair below the record weekly output of 1.061 million b/d set in late January. The four-week average for ethanol production increased to a thirty-week high of 1.053 b/d for an annualized rate of 16.14 billion gallons. Stocks of ethanol were 21.1 million barrels. That is a 0.9% decrease from last week and a five-week low. It also is the third straight weekly draw. There were zero imports recorded for the third week in a row.

Average weekly gasoline demand slumped 6.9% to an 18-week low of 384.8 million gallons (9.163 million barrels) daily, likely reflecting the initial impacts of Hurricane Harvey. This is equivalent to 140.5 gallons annualized. Refiner/blender input of ethanol decreased 3.5% to 923,000 b/d, equivalent to 14.15 billion gallons annualized. Accordingly, the implied average ethanol blend rate last week was 10.07%. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.57%–the highest in 27 weeks.

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Category: Producer News

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