Ethanol Production Continues to Set Records

  • Thursday, 02 February 2017 11:00

Hoosier Ag Today

February 1, 2017

By Gary Truitt

According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.061 million barrels per day (b/d)—or 44.56 million gallons daily. That is up 10,000 b/d from the week before and a new record. It is the 14th week in a row with production above 1 million b/d. The four-week average for ethanol production stood at an unprecedented 1.054 million b/d for an annualized rate of 16.16 billion gallonsStocks of ethanol stood at 21.9 million barrels. That is a 0.7% increase from last week.

Imports of ethanol were zero b/d for the 23rd straight week. Gasoline demand for the week averaged 349.0 million gallons (8.310 million barrels) daily. Refiner/blender input of ethanol averaged 837,000 b/d, meaning gasoline delivered to the market contained an average of 10.07% ethanol.

Expressed as a percentage of daily gasoline demand, daily ethanol production was 12.77%.

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