US ethanol production drops to 18-week low
In Washington, according to EIA data as analyzed by the Renewable Fuels Assocation, US ethanol production averaged 1.019 million barrels per day —or 42.8 million gallons daily. That is down 35,000 b/d from the week before and stands as the lowest weekly production volume in 18 weeks. The four-week average for ethanol production dipped slightly to 1.04 million b/d for an annualized rate of 15.94 billion gallons.
Stocks of ethanol increased 1.7% from last week to a new record high of 23.7 million barrels—7% higher than year-ago levels. Average weekly gasoline demand declined 2.9% to 388.3 million gallons (9.245 million barrels) daily. Year-to-date gasoline demand is 3.0% below year-ago levels. Refiner/blender input of ethanol averaged 918,000 b/d, the highest rate of the year so far.
Category: Fuels
