US ethanol production passes 16 billion gallon annualized rate

March 8, 2018 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.057 million barrels per day (b/d)—or 44.39 million gallons daily. That is up 12,000 b/d from the week before. The four-week average for ethanol production was unchanged at 1.046 million b/d for an annualized rate of 16.04 billion gallons. Stocks of ethanol were 23.1 million barrels. That is a 0.4% increase from last week and the largest reserves in four weeks.

Average weekly gasoline demand increased 4.7% to 389.6 million gallons (9.276 million barrels) daily. This is equivalent to 142.20 billion gallons annualized, and represents a 10-week high. Refiner/blender input of ethanol increased 2.1% to a 10-week high of 894,000 b/d, equivalent to 13.71 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 9.64%, down from 9.89% the previous week.

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Category: Producer News

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