U.S. Ethanol Production Drops to 14 Week Low

Source: By Hoosier Ag Today • Posted: Friday, September 29, 2017

According to EIA data, ethanol production averaged 996,000 barrels per day (b/d)—or 41.83 million gallons daily. That is down 36,000 b/d (or -3.6%) from the week before–the largest percentage output decline in 66 weeks and a fourteen-week low. The four-week average for ethanol production decreased to 1.034 million b/d for an annualized rate of 15.85 billion gallons.

Stocks of ethanol were 20.7 million barrels. That is a 1.9% decrease from last week and the lowest volume of reserves in 37 weeks.

There were zero imports recorded for the second week in a row.

Average weekly gasoline demand increased 0.9% to 399.9 million gallons (9.522 million barrels) daily. This is equivalent to 146.0 billion gallons annualized. Refiner/blender input of ethanol increased 2.1% to 917,000 b/d, equivalent to 14.06 billion gallons annualized.

Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.46%.