Daily production of fuel ethanol slipped below 1 million barrels for the first time since February, according to data released today by the U.S. Energy Information Administration (EIA).
Production averaged 995,000 barrels per day for the week ending April 8 compared to 1,003,000 barrels per day the week before.
The change, the third decrease in as many weeks, represents a decline of less than 1%.
Weekly ending stocks continued a downward trend, dropping to 24.803 million barrels from 25.903 million barrels week-to-week.
This represents a decrease of more than 1%.
For the full report for April 13, click here.