Ethanol production hit a record high the week before Thanksgiving, according to the latest Energy Information Administration (EIA) data analyzed by the Renewable Fuels Association.

(F)or the week ending November 22, ethanol production scaled up 0.8% to 1.12 million b/d, equivalent to 47.00 million gallons daily and a record high. Output was 10.7% more than the same week last year and 9.7% above the five-year average for the week. The four-week average ethanol production rate increased 0.9% to 1.11 million b/d, also a record high, which is equivalent to an annualized rate of 17.09 billion gallons (bg).

Ethanol stocks hit an 8-week high of 22.9 million barrels, 7% more than the same week last year and 7.4% above the five-year average. Ethanol exports increased 9.7% to an estimated 158,000 b/d (6.6 million gallons/day), which is an 11-week high.