In Washington, D.C., ethanol production averaged 1.045 million barrels per day (b/d)— equivalent to 43.89 million gallons daily, according to EIA data analyzed by the Renewable Fuels Association. Output expanded by 5,000 b/d (0.5%) over the previous week.
However, the four-week average ethanol production rate declined for the sixth consecutive week, down 0.5% to 1.039 million b/d and equivalent to an annualized rate of 15.93 billion gallons. Ethanol stocks increased 3.3% to 23.9 million barrels. Stocks built across all PADDs.
There were zero imports recorded after 36,000 b/d hit the books last week. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of June 2019.)
The volume of gasoline supplied jumped 2.9% to a record 9.932 million b/d (417.1 million gallons per day, or 152.26 bg annualized). Refiner/blender net inputs of ethanol grew by 2.3% to a record 967,000 b/d, equivalent to 14.82 bg annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.52%.