After 14 week low, ethanol production inching upwards

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, ethanol production averaged 1.010 million barrels per day (b/d)—or 42.42 million gallons daily. That is up 13,000 b/d from the week before. The four-week average for ethanol production decreased to 1.021 million b/d for an annualized rate of 15.65 billion gallons)—the lowest average in 7 weeks. Stocks of ethanol were 21.5 million barrels. That is a 3.9% increase from last week and a six-week high. Imports of ethanol remained flat at zero b/d for the third week in a row.

Average weekly gasoline demand decreased 3.0% to 388.1 million gallons (9.241 million barrels) daily. This is equivalent to 141.7 gallons annualized. Refiner/blender input of ethanol increased 1.4% to 930,000 b/d, equivalent to 14.26 billion gallons annualized. This means gasoline contained an average of 10.06% ethanol for the week. Year-to-date, gasoline has contained an average of 9.83% ethanol. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 10.93%.