According to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 938,000 barrels per day (b/d)—or 39.40 million gallons daily. That is down 23,000 b/d from the week before. The four-week average for ethanol production stood at 952,000 b/d for an annualized rate of 14.59 billion gallons. Stocks of ethanol stood at 18.9 million barrels. That is a 3.3% increase from last week. Imports of ethanol were 44,000 b/d for the week.
Gasoline demand for the week averaged 387.0 million gallons (9.215 million b/d) daily. Refiner/blender input of ethanol averaged 892,000 b/d for an annualized rate of 13.67 billion gallons. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.18%.
More on the story.
