Beginning this week, the Energy Information Administration (EIA) will release weekly ethanol supply and production numbers. In tandem with this change, the Renewable Fuels Association announced that it will begin providing a weekly note in addition to these statistics as well as offer any additional information that the organization feels is important to the market.
For the week ending June 4, 2010, EIA has reported that domestic ethanol production averaged 839,000 barrels per day (b/d). This equates to more than 35 million gallons per day. In addition, EIA noted that more than 768.6 million gallons of ethanol are in storage. For comparison, total finished gasoline demand (including conventional gasoline, reformulated gasoline or RFG and imports) averaged more than 386 million gallons daily for the week.
Due to the fact that this is the first week of data available, there is no historic data with which to compare. However, as a point of reference, the average daily production for June was 694,000 b/d.