Ethanol production thrives in America
The 4-week average for ethanol production was 874,000 barrels per day last week for an annualized rate of 13.4 billion gallons.
Stocks of ethanol stood at 18.9 million barrels.
Gasoline demand for the week averaged 387 million gallons daily. Expressed as a percentage of daily gasoline demand, daily ethanol production was 9.53%.
Ethanol producers were using 13.313 million bushels of corn to produce ethanol and 99,089 metric tons of livestock feed, 87,491 metric tons of which were distillers grains. The rest is comprised of corn gluten feed and corn gluten meal. Ethanol producers were providing 3.8 million pounds of corn oil daily.
The association issued this statement supporting continued production of ethanol in places like West Burlington, Iowa (pictured). "The only way to meet the nation's energy, economic and environmental goals as put forth in the Renewable Fuels Standard is to increase ethanol consumption. Allowing for the use of E15 blends is a safe and appropriate step toward meeting these goals. The (association) will continue to press for the safe and effective use of higher level ethanol blends in both conventional as well as flexible fuel vehicles."
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Image source: Wikipedia