Ethanol production volumes among highest ever reported

In the US Energy Information Administration's August issue of its Short-Term Energy Outlook, ethanol production has averaged approximately 940,000 barrels per day over the past three months.

This level is amongst the highest monthly levels ever recorded. The highest weekly level ever recorded was 972,000 barrels per day during the week ending June 13. Ethanol production averaged approximately 907,000 barrels per day in March.

The EIA's August STEO predicts ethanol production will average 930,000 barrels per day this year, increasing to 935,000 barrels per day in 2015.

Biodiesel production averaged 87,000 barrels per day last year, and is forecast to average 80,000 barrels per day this year, and 84,000 barrels per day next year.

The IEA's most recently weekly ethanol production data indicates 931,000 barrels per day of ethanol was produced the week of 8 August, down from 902,000 barrels per day the prior week.