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U.S. Ethanol Production Remains Strong

According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.054 million barrels per day (b/d)—or 44.27 million gallons daily. That is down 3,000 b/d from the week before and tied for the seventh-highest rate of output ever recorded. The four-week average for ethanol production increased 0.9% to 1.052 million b/d for an annualized rate of 16.13 billion gallons. Stocks of ethanol were 21.5 million barrels. That is a 0.9% increase from last week. There were zero imports recorded for the week, after 35,000 b/d of imports were recorded the previous week.

Average weekly gasoline demand decreased 3.4% to a 4-week low of 385.2 million gallons (9.172 million barrels) daily. This is equivalent to 140.6 billion gallons annualized. Refiner/blender input of ethanol was static at 918,000 b/d, equivalent to 14.07 billion gallons annualized. Thus, gasoline supplied to the market contained an average of 10.01% ethanol, the third time in the last seven weeks that the blend rate has been above 10.0%.

Expressed as a percentage of daily gasoline demand, daily ethanol production increased to a 10-week high of 11.49%.

Source: RFA

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