Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ethanol Production Gains 0.5%, U.S. Energy Department Says

Dec. 21 (Bloomberg) -- Ethanol output in the U.S. increased 0.5 percent last week to 943,000 barrels a day, according to an Energy Department report.

Stockpiles swelled 3.5 percent to 17.7 million barrels, the department said in a report today. That’s 5.3 percent higher than a year earlier. Output was 5.7 percent higher than a year ago.

Production of conventional gasoline blended with ethanol rose 2.2 percent to 5.26 million barrels a day, the highest level since Aug. 12. Refiners receive a 45-cent tax credit for every gallon of ethanol blended into the motor fuel, a measure that expires Dec. 31.

Denatured ethanol for January delivery rose 0.3 cent to $2.143 a gallon at 10:44 a.m. New York time on the Chicago Board of Trade. Futures have fallen 9.9 percent this year.

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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.