The April EPA Moderated Transaction System (EMTS) data for April showed that biodiesel consumption fell by less than one percent and renewable diesel consumption was down 17 percent. This pales in comparison to the 44 percent decline in ethanol consumption.
This might be the case once again in May. Gasoline and diesel demand both have declined during the pandemic. However, gasoline demand fell much harder as people stayed at home under “stay at home” orders. Diesel is more of the workhorse in the transportation fuel sector and continued to see more constant demand than gasoline did. April saw more severe declines than May, which might lead to an EMTS repeat for May when the data is released.
The sharper decline in gasoline demand accompanied by a more moderate diesel decline is likely to benefit California’s LCFS program, at least as…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...