U.S. ethanol production holds steady, stocks rise
According to Energy Information Administration data analyzed by the Renewable Fuels Association, ethanol production averaged 1.04 million barrels per day (b/d)—or 43.68 million gallons daily last week. That is down 15,000 b/d from the week before and a seven-week low. The four-week average for ethanol production dipped to 1.05 million b/d for an annualized rate of 16.13 billion gallons.
Stocks of ethanol stood at 22.5 million barrels. That is a 1.9 percent increase from last week and the highest since late March 2016.
Imports of ethanol remained flat at zero b/d for the 25th week in a row.
Gasoline demand for the week averaged 354.2 million gallons (8.43 million barrels) daily. Refiner/blender input of ethanol averaged 847,000 b/d, meaning gasoline contained an average of 10.04 percent ethanol. Year-to-date, gasoline has contained an average of 10.03 percent ethanol.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 12.33 percent.