According to EIA data, ethanol production averaged 1.045 million barrels per day (b/d)—or 43.89 million gallons daily, 2% higher than the prior week and the highest weekly production in more than a month. The four-week average for ethanol production bumped up to 1.034 million b/d for an annualized rate of 15.85 billion gallons.
Stocks of ethanol stood at 22.8 million barrels. That is a 0.4% decrease from last week, but still 14% above stocks at the start of the year. Imports of ethanol were nonexistent for the 29th straight week.
Gasoline demand decreased from the prior week, averaging 388.7 million gallons (9.254 million barrels) daily. Refiner/blender input of ethanol increased to an average of 911,000 b/d.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.29%.