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Agricultural News


U.S. Ethanol Demand on The Rise

Thu, 08 Apr 2010 17:50:10 CDT

The January 2010 Daily Ethanol Production/Demand report shows that U.S. ethanol production began the year on a record pace. According to the information from the Energy Information Administration, January 2010 ethanol production averaged more than 818-thousand barrels per day. That’s an increase of 188-thousand over January 2009.


Ethanol demand, as calculated by the Renewable Fuels Association, also reached an all time high at 784-thousand barrels per day, up from 644-thousand one year earlier. EIA also reports fuel ethanol imports of 1.4 million gallons in January. Fuel Ethanol reserves are at 22.7 days.


RFA President Bob Dinneen says - due to antiquated regulations American drivers are being prevented access to increased use of ethanol and ethanol blends. The increase seen in ethanol reserves during a time of great economic advantage in ethanol pricing speaks directly to the need for EPA to allow up to 15 percent ethanol blends for all vehicles, regardless of model year.

 

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