News
Ethanol demand, production and stocks all up heading into holiday
US ethanol demand grew slightly last week as production and stocks continued to expand.
The Renewable Fuels Association reports the volume of gasoline supplied to the market rose nearly 1% as minimal holiday travel commenced, but was still 13.8% below a year ago.
Ethanol production rose by 2%, or 18,000 barrels a day to 976,000 barrels – equivalent to 40.99 million gallons, but remains more than 9% below year ago levels.
Stocks grew 1% to a 30-week high of 23.2 million barrels, which was 7.9% above a year ago.
The USDA’s next corn for ethanol use estimate is out January 12th.
