Home Indiana Agriculture News U.S. Ethanol Production Hits 11 Week Low

U.S. Ethanol Production Hits 11 Week Low


According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.032 million barrels per day (b/d)—or 43.34 million gallons daily. That is down 58,000 b/d from the week before and an 11-week low. The four-week average for ethanol production decreased to 1.072 million b/d for an annualized rate of 16.43 billion gallons. Stocks of ethanol were 22.6 million barrels. That is a 2.7% increase and the largest reserves in 31 weeks. There were zero imports recorded for the fourth week in a row.

Average weekly gasoline demand decreased 8.8% to 363.3 million gallons (8.650 million barrels) daily. This is equivalent to 132.6 billion gallons annualized and a 46-week low. Refiner/blender input of ethanol followed suit, decreasing 9.6% to 855,000 b/d and equivalent to 13.11 billion gallons annualized—also the weakest demand in 46 weeks. The ethanol content in gasoline supplied to the market averaged 9.88%, down from 9.97% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.93%.

Source: RFA