Ethanol Production in U.S. Gains 1.1%, Energy Department Says
Ethanol production in the U.S. increased 1.1 percent to 906,000 barrels a day last week, rebounding from the lowest level since October.
Stockpiles surged for a 12th consecutive week to a record 22.1 million barrels, the department said in a report released in Washington today. Supply hasn’t fallen since Dec. 9.
Production of conventional gasoline blended with ethanol fell 2.7 percent to 5.1 million barrels a day, the department said, the lowest level since Feb. 10.
Denatured ethanol for April delivery fell 0.2 cents to $2.289 a gallon at 10:34 a.m. New York time on the Chicago Board of Trade.
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