According to Energy Information Administration data analyzed by the Renewable Fuels Association (RFA), ethanol production for the week ending November 17 averaged 1.074 million barrels per day (b/d)—or 45.11 million gallons daily, up 20,000 b/d from the week before. That is the highest rate of output ever recorded, beating the previous record set the week of Jan. 27, 2017 by 13,000 b/d. The four-week average for ethanol production increased to a record 1.06 million b/d for an annualized rate of 16.25 billion gallons.
Stocks of ethanol were 21.9 million barrels, up nearly 2 percent from the previous week and a 22-week high. There were zero imports recorded for the second week in a row.