WASHINGTON, D.C. (RFD News) — U.S. ethanol production eased during the week ending September 4, but output remained well above the five-year average as gasoline demand softened and fuel inventories increased.
The Renewable Fuels Association says production fell 1% to 1.10 million barrels per day, equal to 46.16 million gallons daily. Output was 0.5% below a year ago but 7.2% above the five-year average.
Ethanol stocks increased 0.6% to 25.2 million barrels, standing 10.3% above last year. Gasoline supplied dropped 4.2% to 8.55 million barrels per day, the lowest weekly level since late February.
Energy Information Administration data also show the four-week average for gasoline supplied was 1.4% below the same period last year, reinforcing signs of softer fuel demand. Refiner and blender ethanol inputs fell 3.4% to an eight-week low.
Exports provided a stronger signal, climbing 41% to 147,000 barrels per day. Strong export movement helps offset weaker domestic blending demand and keeps ethanol production supportive for corn use.
