Weekly ethanol usage is on the lower side despite high gas prices
For the week ending Jul. 15, U.S. weekly ethanol blending and refining use was unchanged from last week, and use has been on low side compared to last season.
Gasoline averaged around $4.77 per gallon in early July, up 53 percent YOY. Despite high gasoline prices, demand has fallen only 7 percent over the last four months, and ethanol usage is down about 3 percent. When gas prices rise, ethanol blending can increase as a way to contain price increases.
Weekly ethanol production held steady, a trend that has been happening since mid-May.
U.S. ethanol ending stocks have been on the high side, in part due to lower usage.
Weekly U.S. ethanol use by season
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