In the US, ethanol production averaged 931,000 barrels per day (b/d)—or 39.10 million gallons daily, down 16,000 b/d from the week before. This represents the lowest rate of output in 17 weeks. The four-week average for ethanol production stood at 951,000 b/d for an annualized rate of 14.58 billion gallons.
Gasoline demand for the week averaged 362.5 million gallons daily, down from last week but still 3% above year-ago levels. Ethanol input by refiners/blenders was 846,000 b/d, up slightly from a week ago. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.79%.
Stocks of ethanol stood at 21.5 million barrels. That is a 0.3% decrease from last week and the first decrease in stocks in 10 weeks.
More on the story.
