[NEWS] EIA Predicts Increased Ethanol Production, Consumption
– by Erin Voegele, May 12, 2016, Ethanol Producer Magazine
The U.S. Energy Information Administration recently released the May edition of its Short-Term Energy Outlook, predicting ethanol production will average approximately 980,000 barrels per day this year and next year. In the April STEO, the EIA predicted ethanol production would average 970,000 to 980,000 barrels per day in 2016 and 2017.
According to the report, ethanol production averaged almost 970,000 barrels per day last year, with consumption at approximately 910,000 barrels per day. Consumption is expected to increase to about 930,000 barrels per day in both 2016 and 2017. At this level of consumption, the ethanol share of the total gasoline pool is expected to average 10 percent in both years. The EIA said it does not expect a significant increase in E15 or E85 consumption over the forecast period.
Biodiesel production averaged 82,000 barrels per day in 2015 and is expected to increase to 100,000 barrels per day this year and 106,000 barrels per day next year. Net imports of biomass-based diesel are also expected to increase, from 29,000 barrels per day last year to 42,000 barrels per day this year and 47,000 barrels per day in 2017.