Ethanol production hits 4 week high

September 9, 2018 |

In Washington, D.C., ethanol production averaged 1.087 million barrels per day (b/d)—or 45.65 million gallons daily, which is a 17,000 b/d expansion from the week before and a four-week high, according to government data released and analyzed by the Renewable Fuels Association.

However, the four-week average for ethanol production dropped back to 1.076 million b/d for an annualized rate of 16.50 billion gallons. Stocks of ethanol tightened to 22.7 million barrels. That is a 1.7% decrease from last week and the smallest reserves in five weeks. Imports of ethanol were 32,000 b/d, or 10.75 million gallons for the week. This was the second consecutive week—and the second time in 39 weeks—that imports were logged. Imports of ethanol the prior week were 8,000 b/d, or 2.35 million gallons for the week. (The latest export data is as of July 2018.)

Average weekly gasoline demand pared back 1.7% to 9.734 million barrels (408.8 million gallons) daily. This is equivalent to 149.22 billion gallons annualized. Refiner/blender input of ethanol relaxed 0.7% to 943,000 b/d, equivalent to 14.46 billion gallons annualized. As a result, the ethanol content in gasoline supplied to the market was 9.69%—tracking well below year ago levels (10.07%). Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.17%.

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Category: Producer News

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