Please visit our price discovery tools at primadiscovery.com

Ethanol US

US gasoline, ethanol demand climbs

US gasoline demand rose sharply WoW, according to DOE’s latest crude and products data. After falling 2% last week, gasoline production was reported at 10.1mn b/d, up 4.7% WoW, with an accompanying draw on stocks of 1.7mn bl. Net imports of gasoline jumped from 316,000bl/d to 449,000bl/d, an increase of 42% WoW.
Ethanol demand stuck closely to the upward trend in implied gasoline consumption. Ethanol production fell 1% WoW to 973,000bl, compounding the 0.3% fall in output seen last week. Ethanol stocks also drew down, falling 181,000b/d to 19.5mn bl.
Monthly US ethanol exports have been sinking since February, but were still up 20% YoY in June.
Crude oil production dropped slightly to 9,558t bbl this week, with stocks growing marginally to just over.

Leave a Reply