According to the latest Energy Information Agency (EIA) data analyzed by the Renewable Fuels Association, ethanol production decreased 1.8% (down 19,000 barrels per day, or b/d) to an average of 1.012 million b/d—or 42.50 million gallons daily. The four-week average for ethanol production remained at 1.023 million b/d for an annualized rate of 15.68 billion gallons. Weekly production was 2.7% lower than the level a year ago, while the four-week average was 1.6% lower.
Stocks of ethanol increased 2.1% to a 15-week high of 24.0 million barrels. The stocks build occurred primarily on the Gulf Coast.