US ethanol production jumps to 15.58B gallon clip
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.020 million barrels per day (b/d)—or 42.84 million gallons daily. That is up 10,000 b/d (1.0%) from the week before. The four-week average for ethanol production was 1.016 million b/d, for an annualized rate of 15.58 billion gallons. Stocks of ethanol were 22.8 million barrels, up 0.4% from last week.
Average weekly gasoline demand rocketed to an all-time weekly record of 412.5 million gallons (9.822 million barrels) daily, breaking the 9.80 mbpd mark for only the second time in nearly 1,400 weeks of EIA data. The new gasoline demand record is equivalent to 150.6 billion gallons annualized. Refiner/blender input of ethanol hit 950,000 b/d, up just 1,000 b/d from the previous week.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.38%–the lowest rate of the year so far.
Category: Fuels
