US Production Of Ethanol-Blended Gasoline Hits Record

AllVoices.com
By Louise Roys
Washington : DC : USA Jul 12, 2010

The volume of conventional gasoline blended with ethanol in the US hit a record 5.017 million b/d last week, according to data released Thursday by the Energy Information Administration. The production of ethanol-blended conventional gasoline for the week ended July 2 was up from 4.816 million b/d the previous week, EIA‘s data showed.The previous record was 4.918 million b/d for the week ended May 28.

Increased ethanol volumes were blended in preparation for the July 4 Independence Day holiday weekend, one US ethanol trader said. For suppliers of conventional gasoline, the decision on whether to blend ethanol into gasoline is driven by the economics of ethanol compared with gasoline and the need for suppliers to meet US renewable fuels standards. Looking at the spot market as a basis, profit margins have decreased greatly.

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