U.S. Ethanol Production Drops to 14 Week Low
Source: By Hoosier Ag Today • Posted: Friday, September 29, 2017
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%.