Apr 9, 2024
The U.S Energy Information Administration increased its forecast for 2024 fuel ethanol production in its latest Short-Term Energy Outlook, released April 9. The 2024 and 2025 forecasts for fuel ethanol blending were reduced.
The EIA currently predicts ethanol production will average 1.03 million barrels per day this year, up from last month’s forecast of 1.02 million barrels per day. The agency maintained its 2025 fuel ethanol production forecast at 1.03 million barrels per day. Production averaged 1.02 million barrels per day in 2023.
On a quarterly basis, fuel ethanol production was at 1.04 million barrels per day during the first quarter of this year and is expected to average 1.02 million barrels per day during the second and third quarters, partially rebounding to 1.03 million barrels per day in the fourth quarter. Moving into 2025, fuel ethanol production is expected to average 1.03 million barrels per day in the first and second quarters, 1.02 million barrels per day during the third quarter and 1.04 million barrels per day during the fourth quarter.
The EIA currently predicts that fuel ethanol blending will average 930,000 barrels per day in both 2024 and 2025, down from the March STEO forecasts of 940,000 barrels per day. Fuel ethanol blending averaged 930,000 barrels per day last year.
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