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U.S. ethanol production hits five-week high

U.S.  ethanol production hits five-week high

The Energy Information Administration says U.S. ethanol production hit its highest level in five weeks, while inventories reached the largest number seen since the end of August.

Ethanol output in the seven days before October ninth averaged 937,000 barrels a day, up from 923,000 the previous week. The EIA says it’s also the most ethanol production since September fourth. The Midwest, which far and away produces the most ethanol in the country, reached an output of 900,000 barrels of ethanol a day, up from an average of 881,000 barrels, and was the region’s highest output since late July.

East coast production jumped to an average of 10,000 barrels a day, up from 6,000 the previous week. Rocky Mountain output was unchanged from the prior week, producing an average of 10,000 barrels a day. Gulf Coast production took the biggest dive from the previous week, coming in at an average of 9,000 barrels per day after averaging 17,000 barrels a day, with the drop likely due to the effects of Hurricane Delta.

The EIA also says inventories increased last week to 20 million barrels. That’s up from 19.6 million barrels the week prior and the largest amount of ethanol in storage since late August.

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