US June ethanol demand jumps 14% year on year - RFA

01 September 2009 22:36  [Source: ICIS news]

HOUSTON (ICIS news)--US ethanol demand in June totalled 721,000 bbl/day, a 14% increase from 633,000 bbl/day in the same month of 2008, the Renewable Fuels Association (RFA) said on Tuesday.

Ethanol consumption in June was also up by a slight 1% from 713,000 bbl/day in May, the association said.

The RFA attributed the increases to growth in demand for renewable alternatives to gasoline.

However, the increase in ethanol consumption was outpaced by a larger jump in production.

US fuel ethanol production in June rose by 3.9% from May to 694,000 bbl/day, according to the latest figures from the US Energy Information Administration (EIA).

US June production of the biofuel jumped by 19% from 585,000 bbl/day a year before, the RFA said, quoting data from the EIA.

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By: William Lemos
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