Ethanol production almost breaks industry record

August 11, 2018 |

In Washington, D.C., ethanol production rebounded to an average of 1.100 million barrels per day (b/d)—or 46.20 million gallons daily, ballooning 35,000 b/d from the week before, according to government data released and analyzed by the Renewable Fuels Association. This marks the second-highest weekly volume produced by the industry, coming in at just 8,000 b/d below the record set last year on Dec. 1. The four-week average for ethanol production moved to the highest volume in 32 weeks at 1.075 million b/d for an annualized rate of 16.48 billion gallons. Stocks of ethanol were 22.9 million barrels. That is a 4.1% increase from last week, a substantial jump that expanded reserves to a 20-week high. There were zero imports recorded for the 35th week in a row.

Average weekly gasoline demand faded, receding 5.4% to a four-week low of 392.5 million gallons (9.346 million barrels) daily. This is equivalent to 143.27 billion gallons annualized. Refiner/blender input of ethanol eased 0.5% to 941,000 b/d, equivalent to 14.43 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 10.07%, up from 9.58% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production popped to a 23-week high of 11.77%.

Print Friendly, PDF & Email

Tags: ,

Category: Producer News

Thank you for visting the Digest.