Gasoline supplied, ethanol production, ethanol stocks for wk ending 5/22
For the week ending 5/22, gasoline supplied 7.252 million barrels per day or 77% of last year same time,
Ethanol produced, 724 thousand barrels per day, 70% of last yr's, and
Ethanol stocks, 23,176 million barrels, 102% of last yr's,
From the EIA.
For the third week in a row gasoline consumption has been running around that 75% of last year.
Re: Gasoline supplied, ethanol production, ethanol stocks for wk ending 5/22
My 80% estimate is nothing but that, but it would imply USDA is high on the ethanol use projection.
Bigger issue is '20-'21 which they show bouncing back to post-Pruitt levels. I think that's questionable.