WASHINGTON – According to The Renewable Fuels Association, U.S. fuel ethanol use hit an all-time monthly high in January of 320 million gallons. The previous high of 312 million gallons was set in December of 2004.
All-time record. The U.S. ethanol industry set an all-time monthly production record in January of 241,000 barrels per day, according to data released by the U.S. Energy Information Administration. The previous monthly production record was 232,000 b/d in December of last year.
Production was up 14 percent compared to the previous January when 211,000 b/d of ethanol were produced.
Over 12 million gallons of fuel ethanol was imported in January.
Below two-year average. U.S. fuel ethanol stocks of 257.7 million gallons at the end of January – representing only 25 days of demand – remained below the two-year average according to data.
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