According to EIA data, ethanol production averaged 927,000 barrels per day or 38.93 million gallons daily. That is up 23,000 b/d from the week before and tied for the highest output rate of the year. The four-week average for ethanol production stood at 915,000 b/d for an annualized rate of 14.03 billion gallons.
Imports of ethanol were zero b/d for the eighth straight week.
Gasoline demand for the week averaged 374.2 million gallons daily.
Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.41%. That is the highest percentage since June 2012.
On the co-products side, ethanol producers were using 14.056 million bushels of corn to produce ethanol and 103,456 metric tons of livestock feed, 92,232 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 4.83 million pounds of corn oil daily.