Ethanol production in the U.S. fell 0.5 percent to 889,000 barrels a day last week, according to the Energy Department.
Output fell to the lowest level since Oct. 7 and stockpiles fell 0.4 percent from a record to 22.6 million barrels, the largest decline since Dec. 9, the department said in a report released today in Washington.
Production of conventional gasoline blended with ethanol climbed 1.5 percent to 5.18 million barrels a day, the department said, the highest amount since Feb. 24.
Denatured ethanol for April delivery fell 1.1 cents, or 0.5 percent, to $2.237 a gallon at 10:44 a.m. New York time on the Chicago Board of Trade.
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