Production of fuel ethanol in the United States continued rising last week, staying above 1 million barrels for the third week in a row, according to data released by the U.S. Energy Information Administration on Wednesday, Oct. 27.
Production averaged 1,106,000 barrels per day for the week ending Oct. 22 compared to 1,096,000 barrels per day the week before.
This represents an increase of about 1%.
Weekly U.S. ethanol ending stocks, however, slipped back to where they were three weeks ago, sinking to 19.925 million barrels from 20.080 million barrels week-to-week.
This represents a decrease of about 1%.