Ethanol Supply Numbers Set A Record
06/01/2010
NAFB News Seervice
According to information from the Energy Information Administration -
March 2010 ethanol production averaged more than 847-thousand barrels
per day. That is an increase of 207-thousand barrels over March 2009 and
a record pace. The Renewable Fuels Association reports demand reached an
all time high of 823-thousand - up from 644-thousand a year ago. There
is 23.9 days of domestic reserve.
According to data from the Department of Commerce, Census Bureau and the
Department of Agriculture’s Foreign Ag Service - the United States
imported 1.1-million gallons of ethanol in March - but exported
48.3-million gallons. That figure includes other spirits, denatured and
undenatured ethyl alcohol.
RFA President Bob Dinneen says American ethanol producers continue to
answer the call for renewable alternatives to oil in record amounts,
"America‘s ability to utilize this renewable alternative is artificially
capped while millions of gallons of oil spill into the Gulf of Mexico."
Dinneen urges the Obama Administration to move swiftly in approving the
use of a higher level of ethanol blends for all vehicles.
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