EIA: U.S. ethanol production sets new weekly record

By Erin Voegele | June 25, 2015

U.S. ethanol production set a new record the week of June 19, when production averaged 994,000 barrels per day. The new record comes only two weeks after the previous weekly record of 992,000 barrels per day was tied.

U.S. ethanol producers repeatedly broke the record for ethanol production last year. The week of June 13, 2014, the U.S. produced 972,000 barrels per day of ethanol, breaking a production record set several years earlier in late 2011. The week of Nov. 21, the record was again broken with 982,000 barrels per day of ethanol production. In December, new records were set three consecutive weeks in a row, with average daily production of 988,000 barrels per day the week of Dec. 5, 990,000 barrels per day the week of Dec. 12, and 992,000 barrels per day the week of Dec. 19. The week of June 5, the industry tied the 992,000 barrels per day record.

The EIA’s most recent Short-Term Energy Outlook, which was released in early June, predicts ethanol production will remain near current levels this year, averaging 936,000 barrels per day. Last year, production averaged 935,000 barrels per day. In 2016, ethanol production is currently expected to fall slightly, averaging 933,000 barrels per day.

The EIA’s most recent monthly ethanol import statistics shows only7,000 barrels of ethanol was imported to the U.S. in March, with all 7,000 barrels coming from Canada. During the first three months of the year, the U.S. imported approximately 53,000 barrels of ethanol, including 21,000 barrels from Canada and 32,000 barrels from Brazil.

The U.S. exported nearly 2 million barrels of ethanol in March, along with 2.03 million barrels in February and 1.64 million barrels in January. Brazil and Canada were the top destinations for U.S. exports. According to the EIA, the U.S. also exported ethanol to Chile, China, Columbia, Dominican Republic, Egypt, Germany, India, Ireland, Jamaica, South Korea, Lithuania, Mexico, Netherlands, Nigeria, Oman, Peru, Philippines, Puerto Rico, Saudi Arabia, Singapore, Switzerland, Taiwan, Tunisia, United Arab Emirates, and Yeman during the first quarter of this year.