US ethanol demand spikes to 15.94 billion gallons annual pace

October 11, 2018 |

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.040 million barrels per day (b/d)—a pace equivalent to 15.94 billion gallons per year. Weekly output grew by 25,000 b/d (383 mil. gal. annualized), up 2.5% over the prior week. After narrowing for four straight weeks, the four-week average for ethanol production marched higher to 1.036 million b/d (15.88 bil. gal. per year).

Stocks of ethanol leapt 2.6% to a 29-week high of 24.0 million barrels (1.01 billion gallons). This is nearly 12% higher than at the same time last year. Imports of ethanol were 71,000 b/d (1.088 bil. gal. annualized)—the first time in 5 weeks that volumes were logged and only the third week of imports this year. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of August 2018.) Average weekly gasoline demand tapered to 9.078 million b/d (139.17 bil. gal. per year), a 0.3% decrease. Refiner/blender net input of ethanol followed gasoline demand, slipping 0.4% to 913,000 b/d (14.00 bil. gal. annualized).

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Category: Producer News

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