U.S. ethanol production is on the rise with the news that the industry has set new production records. According to the Energy Information Administration (EIA), American ethanol facilities produced 694,000 barrels per day (b/d) in June 2009. That is up 109,000 b/d from a year ago.
Ethanol demand, as calculated by the Renewable Fuels Association (RFA), continues to outpace production. According to RFA calculations, demand was 721,000 b/d in June, up from 633,000 b/d a year ago. EIA also reports fuel ethanol imports of 29.5 million gallons in June.
The RFA released the following statistics:
June 2009 Statistics (mg = million gallons; b/d = barrels per day)
Fuel Ethanol Production: 874.5 mg / 694,000 b/d
Fuel Ethanol Use: 904.0 mg / 721,000 b/d
Fuel Ethanol Stocks: 583.9 mg / 19.3 days of reserve
Fuel Ethanol Exports: 0.0 mg
Fuel Ethanol Imports: 29.5 mg