HOUSTON (ICIS)-- US spot fuel ethanol prices rose this week as the US Energy Information Administration (EIA) numbers showed that demand for gasoline and fuel ethanol were boosted last week.
US gasoline sales at the pump have fallen off since 4 July, according to sources. Demand in states with a high amount of confirmed coronavirus cases has doubled. Meanwhile, refiners continue to raise utilisation rates.
Q3 industrial contracts remain under discussion, delayed by the Independence Day holiday in the US, but remain pressured by strong demand and little available supply.
Ethanol is used as a gasoline blendstock, in pharmaceuticals, and in food and beverage applications, such as hand sanitizers and vodka.