Ethanol stock inches up
Renewable Fuels Association reports ethanol production equivalent to 8.8% of gasoline demand
Ethanol storage in the U.S. increased to 819 million gallons, according to a report issued by the Renewable Fuels Association.
The RFA calculated that based on total sales of gasoline, “ethanol production is equivalent to 8.8% of gasoline demand”. This value represents the true measure of value of ethanol in relation to crude oil and the cost of refining.
For RFA members to survive, they must have continued government support in the form of subsidies both direct and indirect and also enjoy an increase in the current E10 blend ceiling to a higher value.