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Governors' Biofuels Coalition
NEWS UPDATE March 17, 2014

Ethanol Prices Surge as Rail Problems Cut Supply

NICOLE FRIEDMAN, Wall Street Journal  •    •  Posted March 17, 2014

U.S. ethanol prices are surging, as supplies shrink amid transportation constraints. Ethanol for delivery in April rose 6.9% last week to $2.467 a gallon, the highest settlement since Dec. 4 on the Chicago Board of Trade. Prices are up 40% from a low of $1.757 a gallon reached Jan. 27. A bitterly cold winter and rising crude-oil shipments have caused railroad traffic to back up in the Midwest, where most U.S. ethanol is made, using corn grown in the region. The snarl is preventing the biofuel from reaching the coasts, where refiners mix it with gasoline or it is exported. [ read more … ]

Winter rail traffic snarl jams ethanol plants, raises prices

BY MICHAEL HIRTZER AND CEZARY PODKUL, Reuters  •    •  Posted March 17, 2014

East Coast stocks of fuel ethanol fell to their lowest level on record last week, down to 4.6 million barrels from 6.4 million at the same time last year, data from the U.S. Energy Information Administration showed on Wednesday. Midwest ethanol producers – who often can store no more than 10 days’ worth of production on site – are finding their tanks full as railroad pick-ups slow. As a result, some plants are reducing production. Wednesday’s EIA data showed the second-lowest weekly production for ethanol in the Midwest so far this year, at 802,000 barrels per day. [ read more … ]

Ethanol backers tout fuel’s many benefits for Nebraska

By Jerry Oster, WNAX, Yankton, Nebraska Radio Network  •    •  Posted March 17, 2014

On this Saint Patrick’s Day, there’s renewed discussion about the “green” fuel being produced in Nebraska. Todd Becker, president of the Omaha-based Green Plains Renewable Energy, says corn-based ethanol is continuing to have an enormous impact on the state’s economy. Becker says the value-added by-products are of great value, too, in addition to the two-billion gallons of fuel produced here every year. [ read more … ]

EIA slightly increases ethanol production outlook in new report

By Erin Voegele, Ethanol Producer Magazine  •    •  Posted March 17, 2014

The U.S. Energy Information Administration has published the March edition of its Short-Term Energy Outlook, slightly increasing its 2014 ethanol forecast. The EIA now predicts ethanol production will average 910,000 barrels per day in 2014, up slightly from the February STEO prediction that it would average 908,000 barrels per day. The new estimate is also an improvement over the EIA’s December prediction that ethanol production would average only 900,000 barrels per day this year, but below the January prediction of 913,000 barrels per day. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.