Ethanol production hits 4 week low

In Washington, DC, ethanol production averaged 1.038 million barrels per day (b/d)—or 43.60 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. That is down 2,000 b/d from the week before. The four-week average for ethanol production decreased to 1.038 million b/d for an annualized rate of 15.91 billion gallons. Stocks of ethanol were 22.4 million barrels. That is a 1.8% decrease from the previous week, trimming reserves to the tightest volume in 15 weeks and 5.5% below year-ago levels. There were zero imports recorded for the 17th week in a row.

Average weekly gasoline demand decreased 0.1% to 386.5 million gallons (9.203 million barrels) daily. This is equivalent to 141.08 billion gallons annualized, and represents a five-week low. Refiner/blender input of ethanol improved 0.3% to 903,000 b/d, equivalent to 13.84 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 9.81%, up from 9.77% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.28%.