Ethanol production reaches 17 week high

Source: By Helena Tavares Kennedy, Biofuels Digest • Posted: Tuesday, June 26, 2018

In Washington, D.C., ethanol production averaged 1.064 million barrels per day (b/d)—or 44.69 million gallons daily, according to government data released this morning and analyzed by the Renewable Fuels Association. Output expanded 11,000 b/d from the prior week to yield a 17-week high. The four-week average for ethanol production swelled to the 19-week high of 1.050 million b/d for an annualized rate of 16.10 billion gallons. Stocks of ethanol were 21.6 million barrels. That is a 2.7% decline from last week. There were zero imports recorded for the 28th week in a row.

Average weekly gasoline demand contracted by 5.6% from the prior week’s record to 391.7 million gallons (9.326 million barrels) daily. This is equivalent to 142.97 gallons annualized. Refiner/blender input of ethanol scaled back by 1.3% to 935,000 b/d, equivalent to 14.33 billion gallons annualized. The ethanol content in gasoline supplied to the market averaged 10.03%, up from 9.59% the previous week. Expressed as a percentage of daily gasoline demand, daily ethanol production shot up to 11.41%.