According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.004 million barrels per day (b/d)—or 42.17 million gallons daily. That is up 6,000 b/d from the week before. The four-week average for ethanol production stood at 1.013 million b/d for an annualized rate of 15.53 billion gallons.Stocks of ethanol stood at 20.2 million barrels. That is a 2.2% decrease from last week. Imports of ethanol were nonexistent for the third straight week.
Gasoline demand for the week averaged 395.1 million gallons (9.406 million barrels) daily, the lowest since the week ended 4/22/2016. Refiner/blender input of ethanol averaged 921,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.67%.
