Ethanol Demand Continues to Exceed Production
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Posted by Cindy Zimmerman – October 31st, 2007
Ethanol production continued to grow in July, averaging 434,000 barrels per day according to the Energy Information Administration. Ethanol demand, as calculated by the Renewable Fuels Association, also increased to 464,000 barrels per day.
To date, RFA says the U.S. is averaging 402,000 barrels per day production with average demand exceeding production at nearly 429,000 barrels per day.