Ethanol production down this week

In Washington, D.C., the Renewable Fuels Association reports that according to EIA data, ethanol production averaged 1.052 million barrels per day (b/d)—or 44.18 million gallons daily. That is down 7,000 b/d from the week before. The four-week average for ethanol production increased to 1.031 million b/d for an annualized rate of 15.81 billion gallons. Stocks of ethanol were 21.5 million barrels. That is a 1.4% decrease from last week. There were zero imports recorded for the week.

Average weekly gasoline demand increased 1.1% to 404.4 million gallons (9.629 million barrels) daily. This is equivalent to 147.6 billion gallons annualized. Refiner/blender input of ethanol remained steady at 948,000 b/d, equivalent to 14.53 billion gallons annualized and 2% higher than one year ago. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.93%.