US Ethanol Production Down Again Now at 15.42B Gallon Rate

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.014 million barrels per day (b/d)―or 42.59 million gallons daily. That is down 1,000 b/d from the week before. The four-week average for ethanol production increased to 1.006 million b/d for an annualized rate of 15.42 billion gallons.

Stocks of ethanol contracted to 21.6 million barrels. That is a 0.9% decrease from last week and a 24-week low. Average weekly gasoline demand increased 1.8% to 407.6 million gallons (9.705 million barrels) daily. This is equivalent to 148.8 billion gallons annualized. Refiner/blender input of ethanol backed off from the prior week’s record volume, decreasing 1.7% to 945,000 b/d. This is equivalent to 14.49 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.45%.