US ethanol production dips to 16-week low

In Washington, according to EIA data analyzed by the Renewable Fuels Association, US ethanol production averaged 962,000 barrels per day (b/d)—or 40.40 million gallons daily. That is down 18,000 b/d from the week before and tied for the lowest total in 16 weeks. The four-week average for ethanol production stood at 978,000 b/d for an annualized rate of 14.99 billion gallons. Stocks of ethanol stood at 19.4 million barrels. That is a 3.9% decrease from last week and the lowest total since the week ended 11/13/2015. Imports of ethanol remained flat at zero b/d for the seventh week in a row. Gasoline demand for the week averaged 389.1 million gallons (9.264 million barrels) daily. Refiner/blender input of ethanol averaged 916,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.38%.

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