03.28.2024
LCFS credit volumes, average prices move higher
**Please note – There will be no Biomass Based Diesel bulletin on March 29, 2024, in observance of Good Friday.**
**Bob Lane was out of the office today.**
California low carbon...
Ethanol Production Outpaces Gasoline Demand Lifting Grain supply
Weekly ethanol production and stock levels again exceeded analyst expectations in this week’s Weekly Petroleum Status Report. Ethanol output increased 33 thousand barrels to a 1.067 million-barrel-per-day average during the week ending June 4, 2021 and is at its highest level since the week ending February 28, 2020. The increase in ethanol production moved beyond analysts’ forecast that expected output to land within the 1.029-to-1.047-million-barrel range. The average analyst estimate was 1.038 million barrels. Weekly ethanol output was 3.2 percent above last week and 27 percent over levels seen at this time last year. DDGS output climbed to 3,517 metric tons per day from last week and was 21,875 MT’s per day over production from a year…