Ethanol production contracts 1.9%

February 3, 2019 |

In Washington, D.C., ethanol production decreased 1.8% (down 19,000 barrels per day, or b/d) to an average of 1.012 million b/d—or 42.50 million gallons daily, according to government data released and analyzed by the Renewable Fuels Association. The four-week average for ethanol production remained at 1.023 million b/d for an annualized rate of 15.68 billion gallons. Weekly production was 2.7% lower than the level a year ago, while the four-week average was 1.6% lower. Stocks of ethanol increased 2.1% to a 15-week high of 24.0 million barrels. The stocks build occurred primarily on the Gulf Coast. There were zero imports recorded for the eleventh week in a row. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of October 2018.)

Average weekly gasoline supplied to the market vaulted 7.8% to a 20-week high of 9.564 million b/d (401.7 million gallons per day), equivalent to 146.62 billion gallons annualized. Refiner/blender input of ethanol slid 1.5% to 870,000 b/d—equivalent to 13.34 billion gallons annualized. Still, ethanol blending remains higher on a weekly (1.4%) and 4-week average (2.8%) basis than year ago levels. Expressed as a percentage of daily gasoline demand, daily ethanol production declined to 10.58%.

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Category: Producer News

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