Ethanol production reaches 9-week high

In Washington, DC, according to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.041 million barrels per day (b/d)—or 43.72 million gallons daily. averaged 1.041 million barrels per day (b/d)—or 43.72 million gallons daily. That is a 13,000 b/d jump from the week before. The four-week average for ethanol production reached a 9-week high of 1.042 million b/d for an annualized rate of 15.97 billion gallons. Stocks of ethanol were 21.3 million barrels. That is a 3.6% trim from last week and the lowest supplies on hand in six weeks. There were zero imports recorded for the 25th week in a row.

Average weekly gasoline demand flattened at 406.9 million gallons (9.689 million barrels) daily. This is equivalent to 148.53 billion gallons annualized. Refiner/blender input of ethanol eased 0.3% to 941,000 b/d, equivalent to 14.43 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 9.71%, down from 9.74% the previous week. Ethanol blending has averaged 938,000 b/d over the past four weeks, down 7,000 b/d from the average during the same period a year ago. Expressed as a percentage of daily gasoline demand, daily ethanol production climbed to 10.74%.