US ethanol production hits 16-week low
US ethanol production hit a 16-week low last week, according to US Energy Information Administration (EIA) data analysed by the Renewable Fuels Association (RFA).
In the past week, ethanol production averaged at 948,000 barrels per day, equalling 39.82 million gallons a day.
These numbers are down 4,000 barrels a day from the week before and the lowest in 16 weeks overall.
The four-week average for ethanol production stood at 958,000 barrels a day, with an annual total of 14.69 billion gallons.
However, ethanol stocks stood at 19 million barrels, a 2% increase from last week and a four-week high.
A total of 12,000 barrels per day was imported last week, and gasoline demand for the week averaged at 396.4 million gallons daily.
Refiner/blender input of ethanol set an all-time record, averaging 921,000 barrels a day or 14.12 billion gallons per year.
As a percentage of daily gasoline demand, daily ethanol production was 10.04%, down from last week.