March ethanol production continued on a record pace

U.S. ethanol production continued on a record pace in March. According to information from the Energy Information Administration (EIA), March 2010 ethanol production averaged more than 847,000 barrels per day (b/d). That is an increase of 207,000 b/d over March 2009.

Ethanol demand, as calculated by the Renewable Fuels Association, also reached an all time high at 823,000 b/d in March, up from 644,000 b/d a year ago.

EIA also reports fuel ethanol imports of 1.1 million gallons in March.

As the RFA recently reported, America is exporting ethanol at record rates. According to data from the Dept. of Commerce, Census Bureau, and the Dept. of Agriculture Foreign Ag Service, the U.S. exported 48.3 million gallons of ethanol in March.

Source : Renewable Fuels Association