Home Energy US Ethanol Production Down, Hits 51 Week Low

US Ethanol Production Down, Hits 51 Week Low

SHARE

According to EIA data, ethanol production averaged 927,000 barrels per day (b/d)—or 38.93 million gallons daily. That is down 12,000 b/d from the week before and a 51-week low. The four-week average for ethanol production stood at 945,000 b/d for an annualized rate of 14.49 billion gallons. Stocks of ethanol stood at 21.6 million barrels. That is a 1.9% decrease from last week and the lowest in 14 weeks. Imports of ethanol were zero b/d for the 19th week in a row.

Gasoline demand for the week averaged 391.2 million gallons (9.315 million barrels) daily, down slightly from the previous week but 4.4% above year-ago levels. Refiner/blender input of ethanol averaged 918,000 b/d—a 34-week best and easily the highest rate of 2016.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.95%, marking the third week in a row below 10%.

ethanol state April