Production of fuel ethanol in the United States went up still more last week, surpassing the level of three weeks ago while ending stocks continued to tighten, according to data released by the U.S. Energy Information Administration on Wednesday, April 7.
Production averaged 975,000 barrels per day for the week ending April 2, up 1% from 965,000 per day the week before.
Production has generally been on an upward trend for the past two months.
Meanwhile weekly U.S. ethanol ending stocks declined for the second consecutive week, dipping to 20.642 million barrels compared to 21.114 million barrels for the preceding week.
This represents a 2% decrease.