US ethanol production drops to 15.54 billion gallon rate as stocks rise
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.014 million barrels per day—or 42.59 million gallons daily. That is down slightly by 3,000 b/d from the week before. The four-week average for ethanol production stood at 1.014 million b/d for an annualized rate of 15.54 billion gallons.
Stocks of ethanol stood at 19.0 million barrels. That is a 1.8% increase from last week. Imports of ethanol remained unchanged at zero b/d for the 13th straight week. Gasoline demand for the week averaged 379.0 million gallons (9.024 million barrels) daily. Refiner/blender input of ethanol averaged 917,000 b/d. That means gasoline supplied to the market contained an average of 10.2% ethanol—the fifth time in the last six weeks that the blend rate has exceeded 10.0%. Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.24%.
Category: Fuels
