Ethanol production hits 6 month low as gasoline demand hits 6 month high

In the US, ethanol production last week averaged 924,000 barrels per day, 38.81 million gallons daily, down 12,000 b/d from the week before and a 25 week low. The four-week average for ethanol production stood at 941,000 b/d for an annualized rate of 14.43 billion gallons.

Gasoline demand for the week averaged 374.4 million gallons daily. Refiner/blender input of ethanol averaged 885,000 b/d, the highest rate in 26 weeks. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.37%.

More on the story.