Weekly Ethanaol Production Down

first_img By Gary Truitt – Dec 2, 2016 Facebook Twitter According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.012 million barrels per day (b/d)—or 42.50 million gallons daily. That is down just 2,000 b/d from the week before. The four-week average for ethanol production stood at 1.011 million b/d for an annualized rate of 15.50 billion gallons.Stocks of ethanol stood at 18.4 million barrels. That is a 2.7% decrease from last week and the lowest level of stocks in more than a year. Ethanol stocks currently sit at just over 20 days of supply, the lowest implied stocks-to-use since October 2015.Imports of ethanol were nonexistent for the 14th week in a row.Gasoline demand for the week averaged 381.4 million gallons (9.080 million barrels) daily. Refiner/blender input of ethanol averaged 906,000 b/d.Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.15%. Facebook Twitter Weekly Ethanaol Production Down SHARE SHARE Home Energy Weekly Ethanaol Production Down Previous articleRyan Martin’s Indiana Ag Forecast for December 2, 2016Next articleContender for Top EPA Post Wants to End Subsidies for Renewable Energy Gary Truittlast_img

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