2.8% gain in ethanol stocks to 22.1 million barrels

In Washington, DC, according to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.028 million barrels per day (b/d)—or 43.18 million gallons daily. Output tightened by 30,000 b/d from the week before to a four-week low. The four-week average for ethanol production reached 1.040 million b/d for an annualized rate of 15.94 billion gallons. Stocks of ethanol were 22.1 million barrels. That is a 2.8% gain over last week. There were zero imports recorded for the 24th week in a row.

Average weekly gasoline demand climbed 1.7% to 406.9 million gallons (9.689 million barrels) daily—just 1.7% below the record set five weeks prior. This is equivalent to 148.53 billion gallons annualized. Refiner/blender input of ethanol edged 0.2% higher to 944,000 b/d, equivalent to 14.47 billion gallons annualized and outpacing demand posted the past 20 weeks. The ethanol content in gasoline supplied to the market averaged 9.74%, down from 9.88% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.61%.