Ethanol Continues to Break Monthly Production Records
Ethanol production dispels ethanol supply shortage myth.
Compiled by staff
Published: May 1, 2006
The U.S. ethanol industry set a new monthly production record of 302,000 barrels per day (b/d) in February, according to data released by the U.S. Energy Information Administration. That equates to nearly 12.7 million gallons a day.
February's production represents a 14,000 b/d increase over January and a 57,000 b/d increase from one year ago.
The Renewable Fuels Association released the following statistics:
February 2006 Statistics
(mg = million gallons)
|
Fuel Ethanol Production |
355.0 mg |
302,000 b/d |
|
Fuel Ethanol Use |
330.0 mg |
281,000 b/d |
|
Fuel Ethanol Stocks |
309.8 mg |
24.4 days of reserve |
|
Fuel Ethanol Exports |
0.0mg^ |
n/a |
|
Fuel Ethanol Imports |
25.5 mg* |
n/a |
*Source: U.S. International Trade Commission
^ Jim Jordan and Associates
"These numbers completely dispel the myth of ethanol shortages this driving season," says RFA President Bob Dinneen. "With dramatic increases in both production and stock supplies, as well as increased imports, it is abundantly clear that ethanol supplies will be more than adequate to meet the surging demand created by gasoline refiners' decision to eliminate MTBE. The U.S. ethanol industry has the supply and the know-how to get ethanol to the markets that need it when they need it."
Currently, 97 ethanol plants have a combined production capacity of nearly 4.5 billion gallons a year. There are 35 ethanol plants and nine expansions under construction with a combined annual capacity of more than 2.2 billion gallons.
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