April 14, 2016
By Erin Voegele
The U.S. Energy Information Administration has released the April edition of its Short-Term Energy Outlook, predicting ethanol production this year will increase when compared to 2015 levels.
According to the EIA, ethanol production averaged 966,000 barrels per day last year. The agency currently predicts production will increase this year and next year, averaging between 970,000 and 980,000 barrels per day in 2016 and 2017. In its March STEO, the EIA predicted ethanol production would average slightly more than last year's 966,000 barrel per day level during the same timeframe.
Ethanol consumption averaged approximately 910,000 barrels per day last year, and is forecast to increase to an average of 970,000 and 980,000 barrels per day in 2016 and 2017. This level of consumption results in the ethanol share of the total gasoline pool averaging 10 percent both this year and next year. This summer, the EIA projects ethanol blending into gasoline will increase by 20,000 barrels per day when compared to last summer's level of 950,000 barrels per day. According to the EIA, it does not expect significant increases in E15 or E85 consumption over the forecast period.
Read the rest of the story here : EIA : 2016, 2017 Ethanol Production To Increase Over 2015