US ethanol production jumps to 15.44B gallon annual mark
In Washington, according to EIA data as analyzed by the Renewable Fuels Association, US ethanol production averaged 1.010 million barrels per day (b/d)—or 42.42 million gallons daily. That is down 17,000 b/d (1.7%) from the week before. The four-week average for ethanol production was 1.007 b/d, for an annualized rate of 15.44 billion gallons. Stocks of ethanol were 22.7 million barrels, down 3.1% from last week and the lowest level in nine weeks.
Average weekly gasoline demand surged to 407.6 million gallons (9.704 million barrels) daily, the highest level since mid-August 2016. However, refiner/blender input of ethanol dipped slightly from last week’s 40-week high, falling 0.2% to 949,000 b/d.
Category: Fuels
