U.S. Ethanol Production Remains Strong

first_img SHARE U.S. Ethanol Production Remains Strong Facebook Twitter SHARE By Hoosier Ag Today – Dec 21, 2017 According to EIA data analyzed by the Renewable Fuels Association, ethanol production averaged 1.077 million barrels per day (b/d)—or 45.23 million gallons daily. That is down 12,000 b/d from the week before, but enough to post the third-highest volume on record. The four-week average for ethanol production ticked higher to a record 1.085 million b/d for an annualized rate of 16.63 billion gallons. Stocks of ethanol were 22.3 million barrels. That is a 0.4% decrease from last week. Imports of ethanol remained flat at zero b/d for the second week in a row.Average weekly gasoline demand increased 3.7 % to a 4-week high of 395.9 million gallons (9.426 million barrels) daily. This is equivalent to 144.5 billion gallons annualized. Refiner/blender input of ethanol decreased 0.2% to 914,000 b/d, equivalent to 14.01 billion gallons annualized. Expressed as a percentage of daily gasoline demand, daily ethanol production decreased to 11.43%.Source: RFA Home Indiana Agriculture News U.S. Ethanol Production Remains Strong Facebook Twitter Previous articleRyan Martin’s Indiana Ag Forecast for December 21, 2017Next articleFarm Succession Planning Workshops from Purdue Extension Hoosier Ag Todaylast_img

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