U.S. ethanol production rises 10 pct in May - EIA

Reuters India
Tue Jul 29, 2008 10:01pm IST

NEW YORK, July 29 (Reuters) - U.S. ethanol production in May jumped 10 percent from April as the growing fleet of distilleries boosted output, a government report said.

U.S. ethanol output rose 1,675,000 barrels to 18,543,000 barrels in May, the latest month for which data was available, the Energy Information Administration said on Monday.

"Ethanol is cheaper than gasoline and new distillers keep opening so it makes sense that production is going to rise," said Mark Mayo, an ethanol expert at the U.S. Energy Information Administration.

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