Weekly Ethanol Production 2nd Highest on Record
Source: By Gary Truitt, Hoosier Ag Today • Posted: Friday, August 12, 2016
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%.