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U.S. Ethanol Production Sours

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According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.057 million barrels per day (b/d)—or 44.39 million gallons daily. That is up 1,000 b/d from the week before and the fourth-highest rate of output ever recorded. The four-week average for ethanol production increased 2% to 1.043 million b/d for an annualized rate of 15.99 billion gallons. Stocks of ethanol were 21.3 million barrels. That is a 0.9% decrease from last week. Imports of ethanol were 35,000 b/d—the first time in 8 weeks that import volumes were logged and only the fifth week for imports in 2017.

Average weekly gasoline demand increased 0.4% to 398.8 million gallons (9.496 million barrels) daily. This is equivalent to 145.6 billion gallons annualized. Refiner/blender input of ethanol decreased 1.3% to 918,000 b/d, equivalent to 14.07 billion gallons annualized and the lowest in six weeks.

Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.13%.

Source: RFA