US ethanol production ties record highest weekly average

In Washington, according to EIA data as analyzed by the Renewable Fuels Association, ethanol production averaged 992,000 barrels per day (b/d)—or 41.66 million gallons daily. That is up 20,000 b/d from the week before and tied for the highest weekly average on record. The four-week average for ethanol production stood at 973,000 b/d for an annualized rate of 14.92 billion gallons, more than 1.5 billion gallons above EPA’s recent proposed RFS volume for 2015. Stocks of ethanol stood at 20.2 million barrels. That is a 0.9% increase from last week. Imports of ethanol were zero b/d for the 22nd time in 23 weeks.

Gasoline demand for the week averaged a robust 403.2 million gallons daily. Annualized gasoline consumption has averaged 144 billion gallons over the past month, implying an E10 “blend wall” of 14.4 billion gallons. Refiner/blender input of ethanol averaged 884,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.33%.

On the co-products side, ethanol producers were using 15.041 million bushels of corn to produce ethanol and 110,710 metric tons of livestock feed, 98,699 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 5.84 million pounds of corn distillers oil daily.

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