In Washington, the ethanol industry’s contribution to the U.S. economy remained “robust” last year, as record-setting production offset the impact of lower commodity prices, according to an analysis released today by the Renewable Fuels Association.
In 2024, the industry directly supported 56,000 U.S. jobs, along with an additional 258,000 indirect and induced jobs across all sectors of the economy. The industry created $28.3 billion in household income, contributed $53 billion to the nation’s gross domestic product, and generated more than $10 billion in tax revenues at the federal, state and local levels. Returns over operating costs averaged an estimated $0.26 per gallon, 40 percent lower than the average operating margin in 2023.
Tags: ethanol, RFA, Washington
Category: Fuels
