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Thursday, November 08, 2012 10:35:45 PM
“The big number that came out this week was the stocks report,” said Jeff DeReamer, an ethanol broker at ICAP Energy in Lexington, Kentucky. “That was a pretty significant drop. Simple math
says that use went up and they’re blending more.”
the Energy Department said stockpiles fell 5.6 percent to 18.1 million barrels in the week ended Nov. 2
Ethanol production in the U.S. may fall 5.5 percent this year to an average of 860,000 barrels a day, the Energy Department said Nov. 6 in its Short Term Energy Outlook.
Ethanol Discount to Gasoline
Gasoline $2.6073 per gallon
Ethanol $2.366 a gallon
West Coast Ethanol $2.52 a gallon
West Coast Ending Stocks of Fuel Ethanol is at a current level of 2.488M, down from 2.645M last week -5.94% from last week
http://ycharts.com/indicators/west_coast_ending_stocks_of_fuel_ethanol
added Whats Up With the West Coast,but It Appears Refiners Are Blending at a Rappid Clip
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