EIA Releases 2016 Ethanol Numbers In Short-term Outlook

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The U.S. Energy Information Administration (EIA) recently released the November edition of its Short-Term Energy Outlook, predicting ethanol production will average more than 950,000 barrels per day this year and in 2016. Last year, production averaged 934,000 barrels per day.

According to the EIA, ethanol consumption averaged 877,000 barrels per day in 2014 and is expected to increase this year and next year, averaging slightly more than 900,000 barrels per day. As a result of that consumption level, ethanol is expected to comprise an average of 9.9 percent of the total gasoline pool. The administration indicated it does not expect significant increases in E15 or E85 consumption over the forecast period.

Biodiesel production is expected to increase from an average of 83,000 barrels per day last year to 91,000 barrels per day this year and 98,000 barrels per day in 2016. According to the EIA, net imports of biomass-based diesel are expected to increase from 15,000 barrels per day in 2014 to 26,000 barrels per day this year and 35,000 barrels per day next year. 

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