US ethanol production drops to 15.12 billion gallon rate
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 961,000 barrels per day (b/d)—or 40.36 million gallons daily. That is down 22,000 b/d from the week before and an eight-week low. The four-week average for ethanol production stood at 986,000 b/d for an annualized rate of 15.12 billion gallons. Stocks of ethanol stood at 21.4 million barrels. That is a 2.3% decrease from last week and the largest draw on stocks since October 2015.
Imports of ethanol were zero b/d for the sixth straight week. Gasoline demand for the week averaged 375.5 million gallons (8.941 million barrels) daily. Refiner/blender input of ethanol averaged 865,000 b/d, the highest in four weeks. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.75%, the lowest ratio of the year so far.
Category: Fuels
