Ethanol Production in U.S. Falls 1.7%, Energy Department Says
Ethanol production in the U.S. fell 1.7 percent to 923,000 barrels a day, the steepest decline since Jan. 6, according to the Energy Department.
Output was the lowest since Nov. 18 and has fallen in four out of the past five weeks, the department said in a report released today. Stockpiles jumped 2.3 percent to a record 21.1 million barrels.
Production of conventional gasoline blended with ethanol rose 1.7 percent to 4.9 million barrels a day, the report showed, the highest level since Dec. 23.
Denatured ethanol for March delivery advanced 2 cents, or 0.9 percent, to $2.231 a gallon at 10:37 a.m. New York time on the Chicago Board of Trade.
To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.
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