05.08.2024
May STEO forecast, 2024 RVOs
The Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO) showed a decrease in 2024 fuel consumption estimates. This lowered renewable fuel blending estimates for the year, leading to...
**Please Note – Bob Lane was out of the office today and will return on January 10.**
U.S. Weekly Ethanol Production Edges Higher, Stocks Fall
Total U.S. ethanol production edged higher while stocks dropped during the week ending December 24, data released December 29, 2021, from the U.S. EIA showed. Output rose less than one percent, or 8,000 barrels per day, to 1.059 million b/d, from 1.051 b/d the week prior. Ethanol production in the largest producing region of the Midwest rose to 1.0 million b/d, up from 991,000 b/d the week before.
EIA reported that U.S ethanol stockpiles were down 29,000 barrels to 20.676 million barrels during the…