According to EIA data, ethanol production averaged 978,000 barrels per day (b/d)—or 41.08 million gallons daily. That is down 1,000 b/d from the week before. The four-week average for ethanol production stood at 971,000 b/d for an annualized rate of 14.89 billion gallons. Stocks of ethanol stood at 20.6 million barrels. That is a 1.2% increase from last week and the highest since December 2012. Imports of ethanol were non-existent for the week.
Gasoline demand for the week averaged 378.9 million gallons daily, the highest of the year. Refiner/blender input of ethanol rose slightly to 842,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.84%.
On the co-products side, ethanol producers were using 14.829 million bushels of corn to produce ethanol and 109,148 metric tons of livestock feed, 97,306 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 5.75 million pounds of corn distillers oil daily.
