Ethanol production at highest average in 8 weeks

November 18, 2018 |

In Washington, D.C., ethanol production averaged 1.067 million barrels per day (b/d)—or 44.81 million gallons daily, down 2,000 b/d from the week before, according to government data released and analyzed by the Renewable Fuels Association. However, the four-week average for ethanol production increased to 1.055 million b/d—the highest average in 8 weeks—for an annualized rate of 16.17 billion gallons. Stocks of ethanol were 23.5 million barrels. That is a 1.3% increase from the prior week.

Imports of ethanol were 37,000 b/d after recording zero the prior week. This is the third time in six weeks to log foreign gallons. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of September 2018.) Average weekly gasoline demand expanded 1.0% to 9.192 million barrels (386.1 million gallons) daily. This is equivalent to 140.91 billion gallons annualized. Likewise, refiner/blender input of ethanol increased 1.0% to 926,000 b/d, equivalent to 14.20 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.61%.

Category: Fuels

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