Largest volume in 6 weeks for ethanol production

January 19, 2019 |

In Washington, D.C., ethanol production pressed 5.1% higher to the largest volume in 6 weeks at an average of 1.051 million barrels per day (b/d)—or 44.14 million gallons daily, according to government data released and analyzed by the Renewable Fuels Association. The four-week average for ethanol production rose fractionally at 1.026 million b/d for an annualized rate of 15.73 billion gallons but was still 1.8% lower than the level a year ago. Stocks have edged 0.1 million barrels higher for three straight weeks, settling most recently at 23.4 million barrels. There were zero imports recorded for the ninth week in a row. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of October 2018.)

Average weekly gasoline supplied to the market pulled back 1.9% at 8.565 million b/d (359.7 million gallons per day), equivalent to 131.30 billion gallons annualized and the lowest level since February 2017. Refiner/blender input of ethanol rebounded 5.8% (up 47,000 b/d) at 862,000 b/d—equivalent to 13.21 billion gallons annualized. Given the lackluster volume of gasoline supplied to the market, daily ethanol production increased to a 58-week high of 12.27% of daily gasoline supplied.

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Category: Producer News

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