Ethanol Production Valley Deepens, Ending Stocks Stagnate, Reports U.S. Energy Information Administration

Ethanol production in the United States fell by more than 2% last week, leaving weekly ending stocks of fuel ethanol just 1% higher when compared to the previous week, according to data released by the U.S. Energy Information Administration on Wednesday, Sept. 23.

The decline suggested a deepening of a production valley that began the last week of July.

Production averaged 906,000 barrels per day for the week ending Sept. 18, down from 926,000 barrels per day the week before.

Weekly U.S. ethanol ending stocks inched up 19.997 million barrels for last week, up from 19.798 million barrels the previous week but down from 20.882 million for the week ending Aug. 28.