Ethanol Production Down

Source: By Gary Truitt, Hoosier Ag Today • Posted: Friday, March 25, 2016

According to EIA data, ethanol production averaged 995,000 barrels per day (b/d)—or 41.79 million gallons daily. That is down 4,000 b/d from the week before. The four-week average for ethanol production stood at 989,000 b/d for an annualized rate of 15.16 billion gallons. Production has averaged 983,000 b/d so far this year, for an annualized clip of 15.07 billion gallons. Stocks of ethanol stood at 22.5 million barrels. That is a 1.5% decrease from last week and the lowest in seven weeks.

Imports of ethanol were zero b/d, unchanged from last week. Not a drop of fuel ethanol imports have been recorded by EIA so far this year.

Gasoline demand for the week averaged 399.1 million gallons (9.503 million barrels) daily—a four-week high. Year-to-date gasoline consumption is up nearly 3.5% over year-ago levels. Meanwhile, refiner/blender input of ethanol averaged 867,000 b/d, the lowest in six weeks.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.47%.