Production of fuel ethanol in the United States climbed over 1 million barrels last week for the first time in three months, but ending stocks kept shrinking, according to data released by the U.S. Energy Information Administration on Thursday, Oct. 14.
Production averaged 1,032,000 barrels per day for the week ending Oct. 8 compared to 978,000 barrels per day the week before.
This represents an increase of more than 5%.
Meanwhile weekly U.S. ethanol ending stocks tightened still further to 19.847 million barrels from 19.931 million barrels week-to-week.
Ending stocks had not gotten so low since May.