SNAPSHOT OF U.S. ETHANOL PRODUCTION
We hear a lot about ethanol, but rarely do we sit down and take a look at the numbers regarding the U.S. ethanol industry at the most basic level. Here’s a look at last week’s U.S. ethanol production.
Here is the weekly ethanol production data for the week ending 3/14/2014.
According to EIA data, ethanol production averaged 891,000 barrels per day (b/d)—or 37.42 million gallons daily. That is up 22,000 b/d from the week before. The four-week average for ethanol production stood at 890,000 b/d for an annualized rate of 13.64 billion gallons.
Stocks of ethanol fell to 15.3 million barrels, as rail logistics issues continued to complicate ethanol movements to both coasts. That is a 4.0% decrease from last week and a 15-week low.
Imports of ethanol were non-existent for the 24th straight week.
Gasoline demand for the week averaged 357.5 million gallons daily.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.47%.
On the co-products side, ethanol producers were using 13.510 million bushels of corn to produce ethanol and 99,438 metric tons of livestock feed, 88,650 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.64 million pounds of corn oil daily.