Ethanol demand is falling again as the coronavirus surge reduces travel.

Scott Richman, chief economist for the Renewable Fuels Association, says gasoline and ethanol consumption has fallen to its lowest point since May.

“The last two to three weeks have been pretty troubling,” Richman says. “The amount of implied gasoline demand has really fallen to an uncomfortably low level. Thanksgiving week travel was far below a year ago and ethanol stocks have increased to their highest levels in month as well.”

Richman says many ethanol plants are starting to cut back on production once again.

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