US ethanol production rises to record 16.08B gallon annual output

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.051 million barrels per day (b/d)—or 44.14 million gallons daily. That is down slightly by 3,000 b/d from the previous week’s all-time record high and the 13th straight week over 1 million b/d. The four-week average for ethanol production stood at an unprecedented 1.049 million b/d for an annualized rate of 16.08 billion gallons.

Stocks of ethanol stood at 21.7 million barrels. That is a 2.9% increase from last week and the highest total since the week ended 4/29/2016. Gasoline demand for the week averaged 337.6 million gallons (8.039 million barrels) daily, the lowest in nearly three years. Refiner/blender input of ethanol averaged 833,000 b/d, meaning gasoline contained an average of 10.36% ethanol.

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