United States Fuel Ethanol Industry Sets
New All Time High Monthly Production Total

Ethanol Market
For Immediate Release
January 1, 2007
www.ethanolmarket.com
info@ethanolmarket.com
859.455.8606

The United States fuel ethanol market production totaled 10,308,000 barrels in October 2006, and the ending stocks for October totaled 9,814,000 barrels.

On a gallon basis, the October 2006 United States fuel ethanol production totaled 432.936 million gallons, with a production average for the month of 13.986 million gallons per day. The October monthly production total is a new record for the United States fuel ethanol industry, and the daily production average of 13.986 million gallons ties the previous record, which was established in September 2006.  The October 2006 monthly production total of 432.936 million gallons is 82.866 (24%) higher than the October 2005 production total of 350.070 million gallons.  Also, the October 2006 daily production average of 13.986 million gallons is 2.688 (24%) million gallons higher than the October 2005 daily production average of 11.298 million gallons per day.

The October 2006 United States fuel ethanol production total of 432.936 million gallons annualizes at 5.195 billion gallons.  Ethanol Market estimates the actual production total for 2006 will be approximately 4.903 billion gallons.

The October 2006 United States fuel ethanol ending stocks totaled 412.188 million gallons, which is 3.654 million gallons higher than the September 2006 total of 408.534 million gallons, and 188.580 million gallons higher than the September 2005 ending stocks total of 223.608 million gallons.  The October 2006 ending stocks represents approximately one month of demand.  The significantly higher stocks compared to one year ago is directly related to the higher production and increased fuel ethanol demand in the United States.

There are currently 109 ethanol biorefineries operating in the United States, with a combined annual capacity of over 5.2 billion gallons per year.  There are over 70 new refineries underway, and at least 7 expansions, with an aggregate capacity of over 5.8 billion gallons of annual capacity.  

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