In Washington, D.C., ethanol production averaged 1.053 million barrels per day (b/d)—or 44.23 million gallons daily, according to government data released this morning and analyzed by the Renewable Fuels Association. Output gained 12,000 b/d over the week before, running 5.1% above this time last year. However, the four-week average for ethanol production eased to 1.041 million b/d for an annualized rate of 15.96 billion gallons.
Stocks of ethanol were 22.2 million barrels. That is a 1.4% buildup from last week and the largest supply in 10 weeks. There were zero imports recorded for the 27th week in a row.
Average weekly gasoline demand ballooned with a 10.1% gain over last week, reaching a new record high of 414.9 million gallons (9.879 million barrels) daily. This is equivalent to 151.45 billion gallons annualized. Refiner/blender input of ethanol jumped 5.1% to 947,000 b/d, equivalent to 14.52 billion gallons annualized and a 41-week high. The ethanol content in gasoline supplied to the market averaged 9.59%, paring back from 10.04% the previous week and below the year-ago blend rate. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 10.66%.