Ethanol production down 2.5% from previous week

July 24, 2019 |
In Washington, D.C., according to EIA data analyzed by the Renewable Fuels Association for the week ending July 19, ethanol production averaged 1.039 million barrels per day (b/d)— equivalent to 43.64 million gallons daily. Output was down 27,000 b/d (-2.5%) from the previous week for an 11-week low, and 35,000 b/d lower (-3.3%) than a year ago. The four-week average ethanol production rate decreased 0.8% to 1.058 million b/d, equivalent to an annualized rate of 16.22 billion gallons (bg) and the smallest level since May.
In contrast, ethanol stocks expanded 1.4% to 23.7 million barrels for a 16-week high. Stocks expanded in coastal regions and declined in the Midwest (PADD 2).
There were zero ethanol imports recorded after logging volumes for two consecutive weeks. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of May 2019.)
The volume of gasoline supplied to the market jumped 5.0% to 9.673 million b/d (406.3 million gallons per day, or 148.29 bg annualized). Refiner/blender net inputs of ethanol increased 3.5% to 942,000 b/d, equivalent to 14.44 bg annualized.
Expressed as a percentage of daily gasoline demand, daily ethanol production declined to 10.74%.

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