It should be no surprise to anyone that the American ethanol industry produced a record amount of fuel ethanol in 2007.

According to year-end figures released by the Energy Information Administration, U.S. ethanol production averaged 423,000 barrels per day, totaling 6.48 billion gallons for the year. That is an increase of 108,000 barrels per day over 2006.

Ethanol demand, as calculated by the Renewable Fuels Association, continued to outpace production. For 2007, ethanol demand averaged 446,000 b/d totaling 6.84 billion gallons of demand for the year. That is an increase of more than 1.5 billion gallons over 2006 demand.