U.S. ethanol production increased 2.1 percent for the week ending August 21, reaching 1.11 million barrels per day, according to Energy Information Administration data analyzed by the Renewable Fuels Association. That works out to about 46.7 million gallons daily, with production 3.9 percent above the same week last year and 10.7 percent higher than the five-year average. The four-week average, however, slipped slightly. Ethanol inventories rose 0.3 percent to a 10-week high of 25.2 million barrels, nearly 12 percent above year-ago levels and the five-year average. Gasoline supplied to the U.S. market, a measure of implied demand, jumped 4.1 percent to an eight-week-high, although demand remained below both last year and the five-year average. Meanwhile, ethanol exports surged 25.6 percent to 162,000 barrels per day. It’s been over two years since the EIA indicated ethanol was imported into the U.S.
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