May 22^nd Ethanol Run Rates Increased 9.2% Week-Over-Week, Reaching an Eight Week High May ’20 Ethanol Production up 11.1% MOM but Down 38.2% YOY Through Four Weeks May 22^nd Ethanol Stocks Declined 1.9% From the Previous Week, Reaching a 19 Week Low May 22^nd Weekly Decline in Ethanol Stocks Greatest on the West Coast May 22^nd Total Ethanol Stocks Remain up 2.4% YOY, Gulf Coast Stocks up 15.2% May ’20 Ethanol Stocks Down 11.0% MOM but up 6.6% YOY Through Four Weeks May ’20 Ethanol Stocks-to-Production Down 19.8% MOM, up 73.7% YOY Through Four Weeks Mar ’20 Ethanol Exports Declined 0.1% YOY, Apr ’20 Volumes Projected Down 66.4% May 22^nd Ethanol Imports Remained at Minimal Levels May 22^nd Gasoline Sales Increased 6.8% Week-Over-Week May ’20 Gasoline Sales up 31.8% MOM but Down 25.7% YOY Through Four Weeks May ’20 Gasoline Stocks-to-Consumption up 50.1% YOY Through Four Weeks May ’20 Ethanol Blend Rate Down 4.8% MOM and 5.3% YOY Through Four Weeks