Ethanol production stabilizes in US

August 31, 2012 |

In Washington, the Energy Information Administration reported that ethanol production averaged 34.39 million gallons daily.  The 4-week average for ethanol production stood at an annualized rate of 12.57 billion gallons. Production appears to have stabilized around 820,000 b/d over the last month, with very little week-to-week variation seen in August. This stabilization comes after a rapid drop-off in weekly production beginning in early June and lasting through July. Stocks of ethanol stood at 18.5 million barrels, unchanged from last week. Gasoline demand for the week averaged 380.7 million gallons daily. Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.04%, virtually unchanged from last week.

On the co-products side, ethanol producers were using 12.418 million bushels of corn to produce ethanol and 91,403 metric tons of livestock feed, 81,486 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal.  Additionally, ethanol producers were providing 4.26 million pounds of corn oil daily.

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Category: Fuels

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