EIA: 2 new weekly ethanol production records set in December

By Erin Voegele | December 22, 2014

Data recently released by the U.S. Energy Information Administration shows the U.S. ethanol industry started out the last month of the year with two record-setting weeks of production. The new record is set at an average production rate of 990,000 barrels per day set for the week ending Dec. 12.

According to the EIA, production for the week ending Dec. 5 averaged 988,000 barrels per day. That production level broke the previous weekly record of an average 982,000 barrels per day set during the week ending Nov. 21. The prior record was set earlier this year at an average of 972,000 barrels per day for the week ending June 13. With production averaging 990,000 barrels per day for the week ending Dec. 12, a new weekly record has been set.

EIA data shows only 7,000 barrels of fuel ethanol was imported by the U.S. in September, all from Canada. Imports from Canada have held relatively steady in recent months, while imports from Brazil have declined. From April through September, imports from Canada ranged from a high of 15,000 barrels per month in April to a low of 7,000 barrels per month in September. During the same six-month time period, imports from Brazil ranged from 427,000 barrels per day in May to zero in August and September. Over the six-month period from April through September, EIA data also indicates the U.S. imported relatively small volumes of ethanol from Guatemala, the Netherlands and Nicaragua.

The U.S. exported more than 1.35 million barrels of ethanol in September, primarily to Canada, Philippines, and the Netherlands. During the six month period from April through September, exports ranged from a high of 1.6 million barrels in July to a low of 1.26 million barrels in May.