U.S. produces record amount of ethanol, again
Industry analyst Andy Lipow calculates that the amount of ethanol in U.S. gasoline averaged out to 9.5 percent for the month of October. The January-to-October results indicate that ethanol production averaged of 851,300 barrels per day, while consumption of the corn-based fuel came in at 825,700 barrels per day. In stark contrast, gasoline consumption averaged a shocking 9,054,000 barrels per day.
With the Environmental Protection Agency recently approving gasoline with 15 percent ethanol content (E15) for Model Year 2007 and newer vehicles, we suspect that October's record ethanol production numbers will be trumped in the coming months.
[Source: Platts | Image: diaper – C.C. License 2.0]
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