According to EPA EMTS data, domestic biodiesel reached a record high 394.6 million gallons during the first quarter of 2020. Actual data for April biodiesel consumption will be released next week and is expected to be comparable albeit less than March consumption.
Gasoline supply didn’t hit the brakes until the week of March 27. Ethanol output began to fall sharply at that time as well. The twin shocks to the transportation sector of oversupply and pandemic curtailed demand, hit gasoline demand harder and more directly than diesel demand. The general population moved into shelter in place directives, which brought gasoline demand to lows not seen in decades. Diesel demand was reduced, but to a much less severe extent, as the trucking and shipping industries continued to move along.
A number of biodiesel producers reported in April…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...