US ethanol production passes 16 billion gallon annualized rate

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.