In Washington, D.C., ethanol production averaged 1.040 million barrels per day (b/d)—or 43.68 million gallons daily, according to government data analyzed by the Renewable Fuels Association. That is down 23,000 b/d from the week before. The four-week average for ethanol production increased slightly to 1.040 million b/d for an annualized rate of 15.94 billion gallons.
Stocks of ethanol were 23.0 million barrels. That is a 3.4% decrease from last week’s record high, yet reserves remained the second-largest in 37 weeks. There were zero imports recorded for the eighth week in a row.
Average weekly gasoline demand increased 3.9% to a five-week high of 379.8 million gallons (9.044 million barrels) daily. This is equivalent to 138.6 billion gallons annualized. Refiner/blender input of ethanol also increased 3.9% to a five-week high of 858,000 b/d, equivalent to 13.15 billion gallons annualized. Through the first four weeks of the new year, ethanol input was running roughly 1% above year-ago levels. Still, the ethanol content in gasoline supplied to the market averaged 9.49% – the seventh straight week below the 10% threshold. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.50%.