The January 2010 Daily Ethanol Production/Demand report shows that U.S. ethanol production began the year on a record pace. According to the information from the Energy Information Administration, January 2010 ethanol production averaged more than 818-thousand barrels per day. That’s an increase of 188-thousand over January 2009.
Ethanol demand, as calculated by the Renewable Fuels Association, also reached an all time high at 784-thousand barrels per day, up from 644-thousand one year earlier. EIA also reports fuel ethanol imports of 1.4 million gallons in January. Fuel Ethanol reserves are at 22.7 days.
RFA President Bob Dinneen says - due to antiquated regulations American drivers are being prevented access to increased use of ethanol and ethanol blends. The increase seen in ethanol reserves during a time of great economic advantage in ethanol pricing speaks directly to the need for EPA to allow up to 15 percent ethanol blends for all vehicles, regardless of model year.
source: hoosieragtoday
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