Dec 13^th Ethanol Run Rates Declined 0.7% From the Previous Week’s Five Month High Level Dec ’19 Ethanol Production up 2.8% MOM and 3.1% YOY Through Two Weeks Dec 13^th Ethanol Stocks Declined 0.1% From the Previous Week Dec 13^th Weekly Decline in Ethanol Stocks Greatest in the Midwest Dec 13^th Total Ethanol Stocks Down 8.7% YOY, Gulf Coast Stocks Down 22.1% Dec ’19 Ethanol Stocks up 4.5% MOM but Down 6.3% YOY Through Two Weeks Dec ’19 Ethanol Stocks-to-Production up 1.7% MOM but Down 9.1% YOY Through Two Weeks Oct ’19 Ethanol Exports Declined 34.1% YOY, Nov ’19 Volumes are Projected Down 12.6% Dec 13^th Ethanol Imports Returned to Minimal Levels for the First Time in Five Weeks Dec 13^th Gasoline Sales Rebounded 6.0% From the Previous Week’s Nine Month Low Level Dec ’19 Gasoline Sales Down 0.4% MOM but up 0.9% YOY Through Two Weeks Dec ’19 Gasoline Stocks-to-Consumption up 6.5% MOM and 0.4% YOY Through Two Weeks Dec ’19 Ethanol Blend Rate Down 3.8% MOM and 3.6% YOY Through Two Weeks