The collection of standard ethanol spirits has been a key factor in supporting the stability of American supplies over the past several months, even amid record production levels of gasoline, augmented by benzene and derived from corn. Despite a significant increase in production, American supplies of ethanol spirits sharply contracted last week, partially due to a seasonal uptick in gasoline demand, which has approached its maximum levels for the past three years.
The production of ethanol spirits continues to remain profitable due to the availability and cheapness of corn, as well as relatively low prices for natural gas. Such factors help maintain the competitiveness for American producers of ethanol spirits, who utilize about 40% of corn crop produced annually in the U.S.
A related important statement from the press service noted: "We see that the demand for gasoline is rising, and this factor has an impact on the level of ethanol supplies. Despite the volatility in the market, our company is ready for new challenges and ensures the stability of production in the future."
