According to EIA data, ethanol production averaged 1.026 million barrels per day (b/d)—or 43.09 million gallons daily. That is up 19,000 b/d from the week before and the largest volume in nine weeks. The four-week average for ethanol production increased to 1.016 million b/d for an annualized rate of 15.58 billion gallons.
Stocks of ethanol expanded to 22.1 million barrels. That is a 4.2% increase from last week’s reserves.
There were zero imports recorded for the tenth week in a row.
Average weekly gasoline demand decreased 2.0% to 402.9 million gallons (9.592 million barrels) daily. This is equivalent to 147.0 billion gallons annualized. Refiner/blender input of ethanol decreased 0.6% to 921,000 b/d, equivalent to 14.12 billion gallons annualized.
Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 10.70%.
Source: RFA