EIA: Ethanol production for week ending Feb. 10 averaged 928,000 barrels/day, or 38.98 million gallons daily, up 5,000 barrels/day from previous week; ethanol stocks at 21.5 million barrels
February 15, 2012
According to EIA, ethanol production for the week ending 2/10/12 averaged 928,000 barrels per day (b/d) – or 38.98 million gallons daily. That is up 5,000 b/d from the previous week. The 4-week average for ethanol production stood at 931,000 b/d for an annualized rate of 14.27 billion gallons.
Stocks of ethanol stood at 21.5 million barrels.
Gasoline demand for the week averaged 343 million gallons daily. Expressed as a percentage of daily gasoline demand, daily ethanol production was 11.36%.
On the co-products side, ethanol producers were using 14.071 million bushels of corn to produce ethanol and 104,445 metric tons of livestock feed, 94,231 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.27 million pounds of corn oil daily.