Strong ethanol production reported.

Ethanol production posted another strong week with 1.073 million barrels per day last week through Friday. This was +7.0% from last year. Our year to date total is +4.5 from last year, over USDA's current +3.8% goal for the year. Remaining production only needs to run +3.1%. Separate from efficiency discussions, we are lightly ahead of USDA's goal.

Weekly gasoline demand last week was -0.6% year/year. Since September it has run +0.2%.

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