NASHVILLE, Tenn. (RFD-TV) — U.S. ethanol plants pushed production to a new weekly record even as gasoline demand weakened, creating a more mixed outlook for margins heading into winter. For producers, the latest data signals strong plant efficiency and steady grind — but softer downstream demand may limit near-term price strength.
According to the U.S. Energy Information Administration (EIA), ethanol output for the week ending November 28 rose 1.2 percent to 1.13 million barrels per day — equal to 47.29 million gallons daily and nearly 5 percent above last year. The four-week average also edged higher to 1.10 million barrels per day, an annualized pace of 16.94 billion gallons.
Stocks climbed 2.5 percent to 22.5 million barrels, though inventories remained slightly below year-ago levels. Builds occurred in every region except the Gulf Coast and West Coast.
The demand side weakened. Gasoline supplied to the market fell 4.6 percent to a 26-week low, and refiner/blender net inputs of ethanol dropped to their lowest level since early winter.
One bright spot was exports, which jumped 39 percent to 170,000 barrels per day — the highest in more than a year.
