EIA issues latest monthly ethanol statistics
The U.S. Energy Information Administration published its latest Monthly Energy Review on Aug. 29. The review includes a monthly overview of ethanol statistics. The new report addresses ethanol production, stocks and exports through May 2012.
According to the report, the U.S. ethanol industry produced 1.164 billion gallons of ethanol in May, which is an increase over the 1.107 billion gallons produced in April. Production was relatively steady when compared with the 1.166 billion gallons produced in May 2011.
The nation consumed approximately 1.143 billion gallons of ethanol in May, which is an increase over the 1.067 billion gallons consumed in April. When compared to monthly production in May 2011, consumption was up slightly. The U.S. consumed only 1.11 billion gallons in May of last year.
Regarding imports and exports, the U.S. exported a net volume of 1.013 million barrels in May, a decrease compared to the 1.549 million barrels of net ethanol exports recorded in April. In May of last year, the U.S. posted a net export of 1.742 million barrels of ethanol.
Ethanol stocks measured 21.851 million barrels in May, a reduction of 519,000 barrels reported in April. In May 2011, the EIA reported 20.367 million barrels of ethanol stocks.
The EIA is scheduled to publish its next Monthly Energy Review on Sept. 26.