US ethanol production reaches record of 972,000 bpd
Biofuels Digest
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This blog is produced by the Center for Advanced BioEnergy Research CABER) at the University of Illinois. CABER is under the direction of Hans P. Blaschek, professor and Assistant Dean of the U of I College of Agricultural,Consumer and Environmental Sciences Office of Research. This blog is a roundup of research news and related topics dealing with biofuels. It does not cover biofuel production and prices at this time.
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Reuters
WASHINGTON
Wed Aug 8, 2012 5:00pm EDT
WASHINGTON (Reuters) - Exports of corn-based ethanol may suffer from the country's worst drought in more than 50 years, but prices for gasoline blended with the domestic fuel should not rise significantly, the government said on Wednesday.
The drought has shriveled crops and boosted prices for corn to record levels late last month. The higher corn prices have also boosted prices for ethanol and helped push some distilleries to close until market conditions improve.
The Energy Department's statistics wing, the Energy Information Administration, forecasted this week that U.S. ethanol output should fall by 70,000 barrels per day to 830,000 bpd for the second half of the year.
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