Ethanol production in the U.S. rose 1.6 percent to 809,000 barrels a day last week, snapping a record string of weekly declines, the Energy Department said.
Output rebounded to the highest level since the week ended July 6 and jumped the most since June 8, the department said in its weekly report. Stockpiles climbed 2.1 percent to 19.4 million barrels, the steepest gain since June 15.
Production of conventional gasoline blended with ethanol, a measure of consumption beyond what’s mandated by the government, slipped 1 percent to 5.38 million barrels a day, according to the department.
Denatured ethanol for August delivery fell 1.5 cents, or 0.6 percent, to $2.615 a gallon at 10:50 a.m. New York time on the Chicago Board of Trade.