Weekly Ethanol Update – 4/1/20 Mar 27^th Ethanol Run Rates Declined 16.4%, Reaching a Six and a Half Year Low Level Mar ’20 Ethanol Production Finished Down 6.7% MOM and 2.0% YOY Mar 27^th Ethanol Stocks Increased 6.5% Week-Over-Week, Reaching a Record High Level Mar 27^th Weekly Increase in Ethanol Stocks Greatest on the Gulf Coast Mar 27^th Total Ethanol Stocks up 7.2% YOY, West Coast Stocks up 47.9% Mar ’20 Ethanol Stocks Finished Flat MOM and up 2.2% YOY Mar ’20 Ethanol Stocks-to-Production Finished up 8.2% MOM and 5.3% YOY Jan ’20 Ethanol Exports Increased 18.2% YOY However Feb ’20 Volumes Projected Down 7.6% Mar 27^th Ethanol Imports Remained at Minimal Levels Mar 27^th Gasoline Sales Declined 24.6% Week-Over-Week, Reaching a 26 Year Low Level Mar ’20 Gasoline Sales Finished Down 3.4% MOM and 5.6% YOY Mar ’20 Gasoline Stocks-to-Consumption Finished up 0.3% MOM and 8.7% YOY Mar ’20 Ethanol Blend Rate Finished Down 4.3% MOM and 4.1% YOY