News

AgWeb Home > Articles
Agriculture Markets
Futures MO Last Chg
Corn December 391'0 -4'0
Soybeans January 1046'0 7'0
Wheat December 559'6 -2'6
Milk November 14.06 0.00
Feeder Cattle January 92.675 0.850
Live Cattle December 83.950 0.275
Lean Hogs December 57.600 1.625
Cotton December 70.41 0.00

Enter Zip Code below for LIVE local results.

Cash Bids
LDP Quotes
Charts & Quotes
Sponsored Sections
Cash Grain Bids Cash Grain Bids
Get Five Local Grain Prices!
Plant Health Section Plant Health Section
Crop Watch 2008
Ads by AgWeb

2008 Ethanol Production Tops 9 Billion Gallons

3/3/2009

Pro Farmer Editors

According to the Energy Information Administration (EIA), American ethanol facilities produced more than 9.2 billion gallons of ethanol in 2008, up from some 6.5 billion gallons in 2007. On average, the U.S. ethanol industry produced 601,000 barrels per day (b/d).

EIA data for December showed an average of 656,000 b/d of ethanol production, down slightly from November of 2008 but up dramatically from the 489,000 b/d production rate from one year ago.

Ethanol demand, as calculated by the Renewable Fuels Association (RFA), also grew in 2008. According to RFA data, demand for ethanol averaged 630,000 b/d in 2008 or more than 9.5 billion gallons. By comparison, ethanol demand in 2007 averaged 446,000 b/d.

According to International Trade Commission data, imports of ethanol exceeded 500 million gallons in 2008, and increase of more than 100 million gallons from 2007. In December, ethanol imports totaled 20 million gallons.

“Despite the economic challenges facing this country and this industry in 2008, America’s ethanol producers still managed to meet the goals put before them and build the necessary foundation for a strong and robust future for renewable fuels,” said RFA President Bob Dinneen. “While challenges will still persist through 2009, this industry is poised to help lead this nation out of its economic downturn and provide the kind of economic, energy, and environmental stability that is desperately needed.”



Printer-friendly version Printer-friendly version

Email Article to a Friend

Your Email:    
Your Friend's Email:    
Message to add to the body:


© 2009 AgWeb.com - The Homepage of Agriculture
AgWeb.com is a Division of Farm Journal Media, Inc.
Quotes by eSignal delayed 15 minutes