Ethanol Production Continues to Decline

By Gary Truitt – Jun 21, 2017 According to EIA data, ethanol production averaged 990,000 barrels per day (b/d)—or 41.58 million gallons daily. That is down 12,000 b/d from the week before and the lowest in seven weeks. The four-week average for ethanol production decreased to 1.003 million b/d for an annualized rate of 15.38 billion gallons.Stocks of ethanol were 22.3 million barrels. That is 0.9% decrease from last week. There were zero imports recorded for the sixth week in a row.Average weekly gasoline demand shot up 5.9% to 412.3 million gallons (9.816 million barrels) daily, just shy of the all-time weekly record demand logged three weeks prior.This is equivalent to 150.5 billion gallons annualized. Refiner/blender input of ethanol increased 1.3% to 943,000 b/d, equivalent to 14.46 billion gallons annualized. Year-to-date, ethanol blending is up 1.9% versus the same period last year.Expressed as a percentage of daily gasoline demand, daily ethanol production dropped to 10.09%–the lowest rate since the week ended July 1, 2016.Source: RFA Home Energy Ethanol Production Continues to Decline SHARE Previous articleRyan Martin’s Indiana Ag Forecast for June 22, 2017Next articleConstructed Wetlands Show Promise in Managing Nutrients Gary Truitt Facebook Twitter Ethanol Production Continues to Decline SHARE Facebook Twitter

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