Ethanol hits lowest percentage output decline in 66 weeks and 14 week low

In Washington, D.C., the Renewable Fuels Association reports that 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%.

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