Production of fuel ethanol in the United States stayed above 1 million barrels for the 14th consecutive week but just barely as output went down compared to the week before, according to data released by the U.S. Energy Information Administration on Wednesday, Jan. 12.
Production averaged 1,006,000 barrels per day for the week ending Jan. 7 compared to 1,048,000 barrels per day the previous week.
This represents a decrease of 4%.
Weekly ending stocks went up increasing to 22.911 million barrels from 21.359 million barrels week-to-week.
This represents an increase of more than 7%.