Refineries have been busy lately pumping out ethanol. Numbers this week show the highest output levels in nearly a month.
The Energy Information Administration has ethanol output up around two percent last week. The Midwest was the largest-producing region, with output there up a little more than two percent. While production is up, inventories are down, dropping five percent during the same time, which is the lowest inventory levels since early January.
This week, the Renewable Fuels Association thanked the more than 20 House members who sent a letter to the President, urging him to allow year-round sales of E15. Group President Geoff Cooper thanked them for the support and said they want the Administration to take quick action.
Cooper says extending E15 sales can bolster U.S. energy resilience while lowering costs for drivers.
Larger operations maintain cost advantages, while softer equipment sales suggest producers are pacing machinery upgrades amid tighter margins.
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