Ethanol hits lowest percentage output decline in 66 weeks and 14 week low

September 30, 2017 |

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, ethanol production averaged 996,000 barrels per day (b/d)—or 41.83 million gallons daily. That is down 36,000 b/d (or -3.6%) from the week before–the largest percentage output decline in 66 weeks and a fourteen-week low. The four-week average for ethanol production decreased to 1.034 million b/d for an annualized rate of 15.85 billion gallons. Stocks of ethanol were 20.7 million barrels. That is a 1.9% decrease from last week and the lowest volume of reserves in 37 weeks. There were zero imports recorded for the second week in a row.

Average weekly gasoline demand increased 0.9% to 399.9 million gallons (9.522 million barrels) daily. This is equivalent to 146.0 billion gallons annualized. Refiner/blender input of ethanol increased 2.1% to 917,000 b/d, equivalent to 14.06 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.46%.

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Category: Producer News

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