Ethanol production 3.9% lower than last year at this time

In Washington, D.C., ethanol production averaged 1.046 million barrels per day (b/d)—or 43.93 million gallons daily, down 23,000 b/d (2.2%) from the prior week and 42,000 b/d (3.9%) lower than last year at this time, according to government data released and analyzed by the Renewable Fuels Association. The four-week average for ethanol production pared back to 1.051 million b/d—3.0% below last year at this time—for an annualized rate of 16.11 billion gallons.

Stocks of ethanol were 22.9 million barrels. That is down marginally from 23.0 million barrels the prior week. There were zero imports recorded for the fourth week in a row. (Weekly export data for ethanol is not reported simultaneously; the latest export data is as of October 2018.)

Average weekly gasoline demand climbed 1.8% from the previous week to 9.036 million barrels (379.5 million gallons) daily. This is equivalent to 138.52 billion gallons annualized. Refiner/blender input of ethanol grew 1.6% to 910,000 b/d, equivalent to 13.95 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.58%.