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Weekly Ethanol Production Unchanged

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According to EIA data, ethanol production averaged 965,000 barrels per day (b/d)—or 40.53 million gallons daily. That is unchanged from the week before. The four-week average for ethanol production stood at 964,000 b/d for an annualized rate of 14.78 billion gallons.

Stocks of ethanol stood at 18.6 million barrels. That is a 0.2% increase from last week.

Imports of ethanol were zero b/d for the 17th straight week and the 32nd out of 33 weeks.

Gasoline demand for the week averaged a robust 407.6 million gallons daily. Over the past four weeks, gasoline demand has averaged 147.2 billion gallons on an annualized basis. Refiner/blender input of ethanol averaged 908,000 b/d.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.94%, the third week in a row below 10%.

On the co-products side, ethanol producers were using 14.632 million bushels of corn to produce ethanol and 107,047 metric tons of livestock feed, 95,363 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 5.68 million pounds of corn distillers oil daily.

IMPORTANT NOTE: Due to the recent availability of official USDA monthly survey estimates on co-product output, RFA will discontinue reporting weekly co-product output estimates upon conclusion of the 2014/15 marketing year (Aug. 31, 2015).