Ethanol production in the United States fell by nearly 1 percentage point last week, helping to cause weekly ending stocks of fuel ethanol to be just 2% higher when compared to the previous week, according to data released by the U.S. Energy Information Administration on Wednesday, Sept. 2.
The small decrease represents the continuation of a valley that began the week ending July 31, when a lower level of production matched up with what was produced for the week ending Aug. 21 at 931,000 barrels per day.
Production averaged 922,000 barrels per day the week ending Aug. 28.
Weekly U.S. ethanol ending stocks rose to 20.882 million barrels for last week from 20.409 million barrels for the preceding week.
Totals for the two weeks before that, were 20.270 million barrels for the week ending Aug. 14 and 19.750 million barrels for the week ending Aug. 7.