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Ethanol Production Trending Higher

The Energy Information Administration reports that ethanol production rose to its highest level in two months, and inventories rose during the seven days ending on October 20.

Ethanol production increased to an average of 1.04 million barrels a day. That’s up from 1.03 million the previous week and the highest level since August 18. In the Midwest, output narrowly rose to 987,000 barrels a day from 985,000 the previous week. That’s also the highest in the Midwest since mid-August. East Coast production rose from 10,000 to 12,000 barrels a day, while West Coast output improved from 9,000 the prior week to 10,000 barrels a day.

Gulf Coast production was unchanged at 17,000 barrels a day, while the Rocky Mountain region was the only drop, falling by 1,000 barrels a day to 13,000. Ethanol stockpiles through the week of October 20 rose to 21.39 million barrels, up from 21.1 million a week earlier.

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