Ethanol production up, gasoline demand hits 10-week low

In the US, ethanol production averaged 937,000 barrels per day for the week before last, or 39.35 million gallons daily, up 6,000 b/d from the week before.

Gasoline demand for the week averaged 368.6 million gallons daily, a 10-week low. Expressed as a percentage of daily gasoline demand, daily ethanol production was 10.68%.

On the co-products side, ethanol producers were using 14.207 million bushels of corn to produce ethanol and 103,941 metric tons of livestock feed, 92,596 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Additionally, ethanol producers were providing 5.51 million pounds of corn distillers oil daily.

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