EIA Monthly Energy Review shows rebounding production

By Erin Voegele | November 01, 2013

The U.S. Energy Information Administration has released the October issue of its Monthly Energy Review, reporting that the U.S. ethanol industry produced 1.13 billion gallons of ethanol in July, up from 1.12 billion gallons the prior month.

For the first seven months of 2013, ethanol production equaled 7.55 billion gallons, down from 7.94 billion gallons reported for the same period of 2011. In 2011, the industry produced 8.02 billion gallons during the first seven months of the year.

Net imports for July were 428,000 barrels, compared to -170,000 barrels the prior month. For the first seven months of the year, the EIA has reported a net import level of -2.37 million barrels. For the comparable periods of 2012 and 2011, the EIA reported net import levels of -8.79 million barrels and -13.66 million barrels, respectively.

Consumption was down slightly in July, at 1.12 billion gallons. The prior month, the U.S. consumed 1.13 billion gallons. During the first seven months of the year, a total of 7.6 billion gallons of ethanol were consumed, up from 7.48 billion gallons in 2012 and 7.41 billion gallons in 2011.