EIA: Fuel ethanol production up 3%, stocks down 2%
SOURCE: U.S. Energy Information Administration
October 18, 2023
BY Erin Voegele
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U.S. fuel ethanol production was up more than 6 percent the week ending Dec. 1, according to data released by the U.S. Energy Information Administration on Dec. 6. Ethanol stocks were up slightly, and exports were down 50 percent.
The FTC on Dec. 1 issued its 2023 Report on Ethanol Market Concentration. As in prior years, the FTC’s analysis determined that there is sufficient competition among industry participants to avoid price-setting and other anticompetitive behavior.
Rex American Resources Corp. released financial results for the fiscal third quarter on Nov. 30, reporting the company achieved an all-time record net income per share attributable to Rex common shareholders of $1.49.
U.S. fuel ethanol production was down 1 percent the week ending Nov. 24, according to data released by the U.S. Energy Information Administration on Nov. 29. Stocks of fuel ethanol were also down 1 percent with exports up nearly 94 percent.
The U.S. EPA on Nov. 16 released updated RIN data, reporting that nearly 2.11 billion RINs were generated under the RFS in October, up from 1.81 billion generated during the same month of last year.
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