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Weekly Ethanol Production Up

Here is the weekly ethanol production data for the week ended 1/1/2016.

According to EIA data, ethanol production averaged 996,000 barrels per day (b/d)—or 41.83 million gallons daily. That is up 4,000 b/d from the week before. The four-week average for ethanol production stood at 990,000 b/d for an annualized rate of 15.18 billion gallons.

Stocks of ethanol stood at 21.1 million barrels. That is a 4.6% increase from last week. There were no imports of ethanol recorded last week for the third week in a row. Gasoline demand for the week plummeted to 342.7 million gallons (8.159 million barrels) daily. Refiner/blender input of ethanol averaged just 787,000 b/d. Expressed as a percentage of daily gasoline demand, daily ethanol production was 12.21%, the highest percentage on record.