According to EIA data analyzed by the Renewable Fuels Association, ethanol production accelerated 4.6% to an 11-week high of 1.11 million b/d, equivalent to 46.41 million gallons daily. Output was 3.1% higher than the same week last year and 5.3% above the three-year average for the week. The four-week average ethanol production rate scaled up 2.1% to 1.05 million b/d, equivalent to an annualized rate of 16.11 billion gallons (bg).
Ethanol stocks only gained 0.7% to 24.4 million barrels, but that is 6% more than the same week last year and 5.3% above the three-year average. Ethanol exports gained by over 127% to an estimated 150,000 b/d (6.3 million gallons/day).