Ethanol Output Rose 1.2% to 829,000 Barrels a Day, DOE Says
Ethanol production in the U.S. rose 1.2 percent to 829,000 barrels a day last week, the highest level in nine weeks.
Stockpiles gained 1.3 percent to 18.7 million barrels, the biggest weekly jump and the highest amount since July 27, an Energy Department report showed today. Imports surged 55 percent to average 34,000 barrels a day.
Conventional gasoline blended with ethanol fell 0.9 percent to 5.39 million barrels a day, the lowest level since July 27, the report showed.
Denatured ethanol for September delivery slipped 0.3 cent to $2.525 a gallon at 11:12 a.m. on the Chicago Board of Trade. Prices have gained 15 percent this year.
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