US ethanol production drops to 15.38B gallon rate
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.015 million barrels per day (b/d)—or 42.63 million gallons daily. That is up 25,000 b/d from the week before and the highest rate this month. The four-week average for ethanol production ticked down to 1.002 million b/d for an annualized rate of 15.36 billion gallons.
Stocks of ethanol were 21.8 million barrels. That is a 2.2% decrease from last week, and a 22-week low. Average weekly gasoline demand decreased 2.8% to 400.6 million gallons (9.538 million barrels) daily. This is equivalent to 146.2 billion gallons annualized. Refiner/blender input of ethanol increased 1.9% to a record volume of 961,000 b/d, equivalent to 14.73 billion gallons annualized.
Category: Fuels
