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Ethanol Production Hits 9 Week High

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According to EIA data, ethanol production averaged 999,000 barrels per day (b/d)—or 41.96 million gallons daily. That is up 21,000 b/d from the week before and the highest total in nine weeks. The four-week average for ethanol production stood at 989,000 b/d for an annualized rate of 15.16 billion gallons.

Stocks of ethanol stood at 22.9 million barrels. That is a 1.9% decrease from last week.Imports of ethanol were zero b/d, unchanged for the 13th week in a row.

Gasoline demand for the week averaged 397.2 million gallons (9.458 million barrels) daily. Refiner/blender input of ethanol averaged 888,000 b/d.