US ethanol production hits 8-week high

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.056 million barrels per day, or 44.35 million gallons daily. That is up 18,000 b/d from the week before and represents an eight-week high. The four-week average for ethanol production increased to 1.020 million b/d for an annualized rate of 15.64 billion gallons. Stocks of ethanol were 21.5 million barrels. That is a 2.4% increase from last week. Average weekly gasoline demand increased 1.6% to 397.4 million gallons (9.461 million barrels) daily. Expressed as a percentage of daily gasoline demand, daily ethanol production remained at 11.16%.