US ethanol production dips to 14.53 billion gallon annual clip
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 944,000 barrels per day (b/d)—or 3www.9.65 million gallons daily. That is down 7,000 b/d from the week before. The four-week average for ethanol production stood at 948,000 b/d for an annualized rate of 14.53 billion gallons.
Stocks of ethanol stood at 18.3 million barrels. That is a 3.2% decrease from last week. Ethanol stocks fell to the 20-day supply mark for the first time since December 2014. Imports of ethanol were zero b/d for the third straight week.
Gasoline demand for the week spiked to an average of 392.4 million gallons (9.343 million barrels) daily. Refiner/blender input of ethanol averaged 915,000 b/d, equivalent to 14.03 billion gallons annualized and the highest since mid-August. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.10%.
Category: Fuels
