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Ethanol Production Down Again

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According to EIA data, ethanol production averaged 992,000 barrels per day (b/d)—or 41.66 million gallons daily. That is down 3,000 b/d from the week before. The four-week average for ethanol production stood at 991,000 b/d for an annualized rate of 15.19 billion gallons. Stocks of ethanol stood at 23.0 million barrels. That is a 2.2% increase from last week.

Imports of ethanol were zero b/d for the 15th week in a row.

Gasoline demand for the week averaged 388.2 million gallons (9.244 million barrels) daily—a four-week low. Year-to-date gasoline demand has averaged 9.051 million b/d, nearly 3% higher than the same period a year ago. Refiner/blender input of ethanol averaged 890,000 b/d—the highest of the year and 2.4% above year-ago levels.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.73%, the highest rate in four weeks.

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