Gotta admit – it’s getting old. Every month is a new record with ethanol production. I mean, just how many times can we say that? But, it’s a good thing – we’ll worry when it starts going down!
The Renewable Fuels Association (RFA) today announced that U.S. ethanol production increased in June to 318,000 barrels per day (b/d), an all-time record. That is an increase of 25,000 b/d from May and a rise of nearly 28% from June 2005.
Demand for ethanol also rose to record levels in June at 395,000 b/d. That represents a 46,000 b/d jump from May and an increase of more than 42% from the same period a year ago.