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Ethanol Production and Inventories Rise

The Energy Information Administration says ethanol output in the U.S. rose week to week, and inventories increased during the seven days ending on March 15. EIS data shows that production rose to an average of 1.04 million barrels a day, up from 1.024 million a week earlier.

In the Midwest, which produces the most ethanol in the U.S., total output rose to 995,000 barrels from 973,000 during the previous week. That was the entirety of the weekly gains as the EIS said the remaining regions were unchanged. Gulf Coast production was steady at 21,000 barrels a day, and West Coast output stayed at 8,000 barrels daily. Rocky Mountain and East Coast production were both unchanged at 11,000 barrels a day.

Turning to the supply on hand, the EIS said ethanol inventories at the end of the week totaled just over 26 million barrels, up from 25.7 million a week earlier.

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