According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.016 million barrels per day (b/d)—or 42.67 million gallons daily. That is down 41,000 b/d from the week before and a five-week low. The four-week average for ethanol production decreased to 1.044 million b/d for an annualized rate of 16.00 billion gallons.
Stocks of ethanol were 22.9 million barrels. That is a 2.6% decrease from last week, contracting to the lowest reserves in 4 weeks.
There were zero imports recorded for the tenth week in a row.
Average weekly gasoline demand decreased 0.6% to 380.5 million gallons (9.059 million barrels) daily. This is equivalent to 138.9 billion gallons annualized. Refiner/blender input of ethanol increased to a seven-week high of 1.6% to 882,000 b/d, equivalent to 13.52 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 9.74%, up from 9.53% the previous week.
Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.22%, the lowest in 12 weeks.
Source: Renewable Fuels Association Press Release