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U.S. #ethanol, week ended May 8:
Output 617k B/D, up 15% from April 24 all-time low, up 3% on the week
Stocks fall for 3rd wk in a row to 24.19 mln barrels, down 13% from April 17 all-time high
Implied daily usage up 17% on the week and up 72% from April 3 all-time low
Output 617k B/D, up 15% from April 24 all-time low, up 3% on the weekStocks fall for 3rd wk in a row to 24.19 mln barrels, down 13% from April 17 all-time highImplied daily usage up 17% on the week and up 72% from April 3 all-time low
#Ethanol use last week was the highest in 7 weeks, but still down 23% from the 7 weeks ago level, which was still relatively normal.
U.S. gasoline demand was up 39% in the recent 3-week period:
U.S. gasoline demand was up 39% in the recent 3-week period:
