“These EIA figures show once again that the oil industry’s false blend wall narrative is not rooted in reality. This clearly shows that there’s no reason for the administration to roll back the 2017 RFS conventional biofuel blending levels required by the statute,” said Dinneen. “It also shows that supporters of legislative proposals to cap ethanol content at 9.7 percent are completely out of touch with what is really happening in the marketplace.”
EIA data show that an average of 8.798 million barrels per day (mbpd) of gasoline were supplied to the market last week. Ethanol blending averaged 0.915 mbpd, meaning gasoline contained an average of 10.4 percent ethanol. This is the highest weekly blend rate on record, topping the 10.21 percent rate seen just three weeks earlier.
The weekly data come on the heels of EIA’s October Short-term Energy Outlook, which similarly projected that gasoline consumed in 2016 will contain an average of 10.1 percent ethanol. That is up from 9.9 percent last year. In September, RFA ran ads showing that nearly half of the states in the U.S. had already blown by the 10.0 percent threshold as early as 2014.
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