31 May '18, 8pm

via @ethanolrfa

via @ethanolrfa

Let’s look at the EIA monthly data that the small refiner lobbyists say is more reliable, even though there is a significant lag with the monthly data and the most recent available is for March. The monthly data show that average daily ethanol blending in February 2018 (i.e., when the bottom began dropping out of the RIN market) was 5% below the February 2017 average volume and 8% below the February 2016 average. While March 2018 ethanol blending was a hair higher than March 2017, it was below the March 2016 volume. Based on the trends indicated by recent weekly EIA data, we expect the monthly data for April and May will reveal even greater demand destruction when it is finally released.

Full article: http://www.ethanolrfa.org/2018/05/more-evidence-of-epa-in...

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