Ethanol Production in U.S. Rose 0.5% Last Week, DOE Says
Ethanol production in the U.S. rose 0.5 percent last week to 801,000 barrels a day.
Stockpiles tumbled 1.2 percent to 18.8 million barrels, the lowest level in seven weeks while imports plunged to an average of 19,000 barrels a day, down from 122,000 the previous week, the Energy Department said in a report today.
Ethanol-blended gasoline made up about 93 percent of the total U.S. gasoline pool, up from 90 percent in the week ended Oct. 12.
Denatured ethanol for November delivery climbed 0.7 cent, or 0.3 percent, to $2.413 a gallon at 9:44 a.m. local time on the Chicago Board of Trade. Prices have jumped 9.5 percent this year.
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