Ethanol production hits four-week high

October 21, 2017 |

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, average ethanol production expanded by 5.4% to 1.019 million barrels per day (b/d)—or 42.80 million gallons daily. That is up 52,000 b/d from the week before and a four-week high. The four-week average for ethanol production dropped to 998,000 b/d–the first time in 23 weeks to fall below a million b/d, for an annualized rate of 15.30 billion gallons. Stocks of ethanol remained at 21.5 million barrels for the third straight week. Imports of ethanol remained flat at zero b/d for the fifth week in a row.

Average weekly gasoline demand decreased 3.6% to a 33-week low of 383.7 million gallons (9.136 million barrels) daily. This is equivalent to 140.1 billion gallons annualized. Refiner/blender input of ethanol decreased 1.6% to 922,000 b/d, equivalent to 14.13 billion gallons annualized. This means gasoline contained an average of 10.09% ethanol for the week. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.15%.

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.