According to the latest Energy Information Agency data analyzed by the Renewable Fuels Association, U.S. ethanol production is getting off to a record start this year.

For the week ending January 9, ethanol production skyrocketed by nearly nine percent to a record high of 1.20 million barrels per day, equivalent to 50.23 million gallons daily. Output was 9.2% higher than the same week last year and 13.7% above the three-year average for the week. The four-week average ethanol production rate increased 1.4% to 1.13 million b/d, equivalent to an annualized rate of 17.32 billion gallons (bg).

Ethanol stocks scaled up 3.5% to 24.5 million barrels but were 2.1% less than the same week last year and 0.9% below the three-year average.
Ethanol exports strengthened by 5.3% to an estimated 119,000 b/d (5.0 million gallons/day).