Production of fuel ethanol in the United States stayed above 1 million barrels for the 15th consecutive week and increased when compared to the week before, according to data released by the U.S. Energy Information Administration on Wednesday, Jan. 19.
Production averaged 1,053,000 barrels per day for the week ending Jan. 14 compared to 1,006,000 barrels per day the previous week.
This represents an increase of nearly 5%, but production levels have changed little since the beginning of October, generally staying between 1 million and 1.1 million barrels.
Meanwhile, weekly ending stocks continued to rise, increasing to 23.592 million barrels from 22.911 million barrels week-to-week.
This represents an increase of about 3%.