Ethanol Production & Demand Numbers Soar For June 2010

CattleNetwork.com
08/31/2010 12:52PM

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.

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