Ethanol production rebounds back to above 1 million b/d

May 6, 2018 |

In Washington, DC, ethanol production rebounded to an average of 1.032 million barrels per day (b/d)—or 43.34 million gallons daily – which is up 47,000 b/d from the week before, according to EIA data analyzed by the Renewable Fuels Association. The four-week average for ethanol production eased to 1.015 million b/d for an annualized rate of 15.56 billion gallons. Stocks of ethanol were 22.1 million barrels. That is a 1.8% increase over last week. There were zero imports recorded for the 21st week in a row.

Average weekly gasoline demand expanded marginally to 381.8 million gallons (9.090 million barrels) daily. This is equivalent to 139.35 billion gallons annualized. Refiner/blender input of ethanol gained 1.3% to 923,000 b/d, equivalent to 14.15 billion gallons annualized and the strongest demand in 18 weeks. For the second straight week, the ethanol content in gasoline rose above the 10% threshold. At 10.15%, this was the most robust blend rate in 22 weeks. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.35%—the highest in 8 weeks.

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Category: Fuels

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