US ethanol production hits new record as 2017 opens
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged an unprecedented 1.049 million barrels per day (b/d)—or 44.06 million gallons daily. That is an increase of 6,000 b/d from last week’s now-broken record. The four-week average for ethanol production stood at 1.039 million b/d for an annualized rate of 15.93 billion gallons.
Stocks of ethanol stood at 20.0 million barrels. That is a significant 7.1% increase from last week.
Imports of ethanol remained flat at zero b/d for the 20th week in a row. Gasoline demand for the week averaged 355.7 million gallons (8.470 million barrels) daily. Refiner/blender input of ethanol averaged 806,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 12.38%.
Category: Fuels
