Ethanol Output in U.S. Fell 3% to 785,000 Barrels a Day
U.S. ethanol production fell 3 percent last week to 785,000 barrels a day, the least since the Energy Department began publishing weekly data in 2010.
Output sank for the second week in a row. Inventories plummeted 2.3 percent, the most in eight weeks, to 18.8 million barrels, the department said.
The U.S. didn’t import any ethanol for the first time since June 15, the Energy Department said.
Ethanol-blended gasoline made up about 90 percent of the total U.S. gasoline pool, down from 92 percent in the week ended Sept. 21.
Denatured ethanol for October delivery jumped 1.8 cents, or 0.8 percent, to $2.39 a gallon at 11:06 a.m. on the Chicago Board of Trade. Prices have gained 8.5 percent this year.
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