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eNews from Tuesday, September 7, 2010

U.S. Ethanol Production and Demand Numbers Soar for June 2010, According to Renewable Fuels Association

Targeted News Service: WASHINGTON, Aug. 30 -- The Renewable Fuels Association issued the following news release:

Ethanol production reached an all-time high in June 2010, according to data released by the Energy Information Administration (EIA). Additionally, ethanol demand for June also hit a record level.

According to data released today, ethanol production in June was just over 854,000 barrels per day (b/d), or 1.08 billion gallons for the month. That is up from 846,000 b/d from May and more than 160,000 b/d higher than June 2009. Based on data from the first six months of 2010, US ethanol production is running at 12.87 billion gallons on an annualized basis.

As calculated by the RFA, ethanol demand also reached an all-time high of 857,000 b/d, up from 721,000 b/d one year ago.

Interestingly, the monthly figures from EIA for June are higher than the weekly production averages EIA recently began reporting. According to the weekly data from EIA highlighted by RFA, June production averaged just 839,000 b/d or a difference of 15,000 b/d compared to the monthly figure released today. At 18.9 million gallons for the month, this is a rather large discrepancy. Subsequent weekly and monthly reports will be needed to determine if the discrepancy between the monthly and weekly data is a trend or just a result of the kinks being worked out of the new weekly reporting requirement.

June 2010 Statistics

(mg = million gallons; b/d = barrels per day)

Table omitted. To view, click here: ( http://www.ethanolrfa.org/news/entry/ethanol-production-and-demand-numbers-soar-for-june-2010/)

Source: Energy Information Administration, Renewable Fuels Association

**Source: RFA calculations, does not include exports

***Source: Source: Dept. of Commerce, Census Bureau, USDA-FAS; Export figures represent sum of "Ethyl alcohol and other spirits, denatured, of any strength" and "Undenatured ethyl alcohol of an alcoholic strength by volume of 80 percent vol. or higher." Thus, the figures likely include ethyl alcohol exports for non-fuel industrial purposes.

(c) 2010 Targeted News Service

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