Ethanol production rebounds from last week : Biofuels Digest

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In Washington, D.C., ethanol production rebounded to an average of 1.064 million barrels per day (b/d)—or 44.69 million gallons daily, according to government data released and analyzed by the Renewable Fuels Association. That is a 32,000 b/d (3.0%) upturn from the week before. The four-week average for ethanol production remained firm at 1.059 million b/d for an annualized rate of 16.23 billion gallons. Stocks of ethanol were 21.8 million barrels. Reserves narrowed 2.7% from last week. There were zero imports recorded for the 32nd week in a row.

Average weekly gasoline demand rallied 4.7% to 407.7 million gallons (9.708 million barrels) daily. This is equivalent to 148.82 billion gallons annualized. Refiner/blender input of ethanol pared back for the second straight week, slipping 1.8% to 913,000 b/d. This is equivalent to 14.00 billion gallons annualized and the softest demand in six weeks. The ethanol content in gasoline supplied to the market averaged 9.40%, down from 10.03% the previous week and 9.60% a year ago. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.96%.



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