Ethanol production at 18 week low

August 25, 2019 |

In Washington, D.C., ethanol production averaged 1.023 million barrels per day (b/d)— equivalent to 42.97 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Output narrowed by 22,000 b/d (-2.1%) from the previous week to an 18-week low. The four-week average ethanol production rate declined 0.4% to 1.035 million b/d, equivalent to an annualized rate of 15.87 billion gallons and 47,000 b/d (4.3%) below this year’s peak set seven weeks prior. Ethanol stocks shrank 2.2% to 23.4 million barrels. Stocks declined across all PADDs except the Rocky Mountain (PADD 4) region. There were no imports reported for the second consecutive week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of June 2019.)

The volume of gasoline supplied retreated 3.1% from the prior week’s record to 9.626 million b/d (404.3 million gallons per day, or 147.57 bg annualized). Refiner/blender net inputs of ethanol softened 0.6% from the record set the prior week to 961,000 b/d, equivalent to 14.73 bg annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 10.63%.

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Category: Fuels

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