U.S. ethanol production has started to recover from a drought-induced slump last year, thanks to the Renewable Fuel Standard and high demand for Renewable Identification Numbers, according to the June issue of the Energy Information Administration's Short-Term Energy Outlook. Domestic output averaged 870,000 barrels per day in May, compared with 820,000 barrels per day from July 2012 through March, the EIA said. Production is expected to average 870,000 barrels per day this year and 930,000 barrels per day in 2014, the EIA said.

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