Ethanol Production Continues Record Pace
Source: DOMESTICFUEL, Cindy Zimmerman (5/3/10)
"February 2010 ethanol production averaged more than 833,000 barrels per day."
Ethanol demand, as calculated by the Renewable Fuels Association, also reached an all-time high of 795,000 barrels per day in February.
However, production continues to outpace demand at this point because the allowable blend level of 10% ethanol in gasoline has basically been reached, according to RFA president Bob Dinneen. "American ethanol markets are nearly full due to the arbitrary 10% restriction EPA currently enforces on ethanol blending," said Dinneen. "EPA must approve the use of up to 15% ethanol in all vehicles."
It is expected to be later this summer before EPA rules on the E15 waiver to allow up to 15% ethanol blends in regular gasoline.