Ethanol output jumped to the highest level in three weeks, and inventories dropped during the seven days ending on April 18. Data from the Energy Information Administration says production rose to an average of 1.033 million barrels a day. That’s up from 1.012 million barrels the week prior and the highest since March 28.
The Midwest produces the most ethanol in the country, and output rose to 976,000 barrels a day from 955,000 barrels the previous week, also the highest in three weeks. Gulf Coast production increased to 25,000 barrels a day, up from 24,000 barrels a week earlier. That was all the gains, as East Coast output was unchanged for the third straight week at 12,000 barrels a day. Rocky Mountain production fell by 1,000 barrels a day to 10,000 barrels on average, and West Coast output dropped by the same amount to 9,000 barrels a day.
