US ethanol production rises to 14.62 billion gallon annual rate

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 960,000 barrels per day —or 40.32 million gallons daily. That is up 14,000 b/d from the week before. The four-week average for ethanol production stood at 954,000 b/d for an annualized rate of 14.62 billion gallons. Stocks of ethanol stood at 20.8 million barrels. That is a 0.2% decrease from last week and the lowest of the year.

Imports of ethanol were zero b/d. This is the 24th straight week imports have remained nonexistent. Gasoline demand for the week averaged 408.1 million gallons (9.716 million barrels) daily—a whopping 149.4 billion gallons annualized. Refiner/blender input of ethanol averaged a record-setting 922,000 b/d, or 14.2 bg on an annualized basis.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.88%.

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