US ethanol production hits 8-week high

November 3, 2017 |
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 1.056 million barrels per day, or 44.35 million gallons daily. That is up 18,000 b/d from the week before and represents an eight-week high. The four-week average for ethanol production increased to 1.020 million b/d for an annualized rate of 15.64 billion gallons. Stocks of ethanol were 21.5 million barrels. That is a 2.4% increase from last week. Average weekly gasoline demand increased 1.6% to 397.4 million gallons (9.461 million barrels) daily. Expressed as a percentage of daily gasoline demand, daily ethanol production remained at 11.16%.

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Category: Fuels

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