EIA data shows ethanol production finally below 1 million barrels per day

In Washington, according to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 996,000 barrels per day (b/d)—or 41.83 million gallons daily. That is down 37,000 b/d from the week before and the first time in 13 weeks that production has fallen below 1 million b/d. The four-week average for ethanol production decreased to 1.049 million b/d for an annualized rate of 16.08 billion gallons. Stocks of ethanol were 22.7 million barrels. That is a 0.4% increase from last week and the largest reserves in 32 weeks. There were zero imports recorded for the fifth week in a row.