Renewable Fuels Association weekly ethanol production data for the week ended 9/1/2017.
According to EIA data, ethanol production averaged 1.060 million barrels per day (b/d)—or 44.52 million gallons daily.
That is up 17,000 b/d from the week before and just a hair below the record weekly output of 1.061 million b/d set in late January.
The four-week average for ethanol production increased to a thirty-week high of 1.053 b/d for an annualized rate of 16.14 billion gallons.
Stocks of ethanol were 21.1 million barrels. That is a 0.9% decrease from last week and a five-week low. It also is the third straight weekly draw.
There were zero imports recorded for the third week in a row.
Average weekly gasoline demand slumped 6.9% to an 18-week low of 384.8 million gallons (9.163 million barrels) daily, likely reflecting the initial impacts of Hurricane Harvey.
This is equivalent to 140.5 gallons annualized. Refiner/blender input of ethanol decreased 3.5% to 923,000 b/d, equivalent to 14.15 billion gallons annualized.
Accordingly, the implied average ethanol blend rate last week was 10.07%.
Expressed as a percentage of daily gasoline demand, daily ethanol production increased to 11.57%--the highest in 27 weeks.