U.S. Ethanol Production Hits Record High
Highest recorded percentage of gasoline demand since EIA began publishing the weekly ethanol data.
Compiled by staff
Published: Aug 9, 2010
According to the Energy Information Administration U.S. ethanol producers hit a record high for daily production for the week ending July 30. During that period ethanol production averaged 873,000 barrels per day, or more than 36.6 million gallons daily. That is a dramatic increase from the prior week, which averaged 816,000 barrels per day. Stocks of ethanol remained the same week after week at 19.5 million barrels, or 819 million gallons.
While ethanol production increased, gasoline demand for the week ending July 30 fell to just over 398 million gallons per day. As a percentage of daily gasoline demand daily ethanol production is 9.21%, the highest recorded since EIA began publishing the weekly ethanol data.
On the feedstock and co-product front, EIA reports ethanol producers were utilizing more than 13.2 million bushels of corn daily to produce ethanol as well as more than 98,500 metric tons of livestock feed per day, 86,700 metric tons of which were distillers grains. In addition ethanol producers provided 3.78 million pounds of corn oil daily.
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