Weekly Ethanol Production 2nd Highest on Record
Source: By Gary Truitt, Hoosier Ag Today • Posted: Friday, August 12, 2016
According to EIA data, ethanol production averaged 1.018 million barrels per day (b/d)—or 42.76 million gallons daily. That is up 14,000 b/d from the week before and the second-largest total on record. The four-week average for ethanol production stood at a record 1.012 million b/d for an annualized rate of 15.51 billion gallons.
Stocks of ethanol stood at 20.5 million barrels. That is a 0.7% decrease from last week and represents 21.6 days of supply based on current usage rates.Imports of ethanol were zero b/d, down from 36,000 b/d last week.
Gasoline demand for the week averaged 410.3 million gallons (9.769 million barrels) daily. Since Memorial Day, gasoline demand has averaged 149.3 billion gallons annualized. Refiner/blender input of ethanol averaged 950,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.42%.
