Production of fuel ethanol in the United States stayed above 1 million barrels for the 16th consecutive week and decreased when compared to the week before, according to data released by the U.S. Energy Information Administration on Wednesday, Jan. 26.
Production averaged 1,035,000 barrels per day for the week ending Jan. 21 compared to 1,053,000 barrels per day the previous week.
This represents an increase of nearly 2%, but production levels have changed little since the beginning of October, generally staying between 1 million and 1.1 million barrels.
Meanwhile, the recent rise in weekly ending stocks accelerated, with stocks increasing to 24.476 million barrels from 23.592 million barrels week-to-week.
This represents an increase of nearly 43%.