Ethanol production jumped last week
Ethanol production jumped nearly 9-and-a-half-percent last week.
The Energy Information Administration says that’s equal to just over 35 Million gallons a day and is a 10-week high.
But, ethanol production is still tempered by the effects of pandemic disruptions and is nearly 24% below the same week in 2019.
Ethanol stocks last week were down three-percent, to 21.8 million barrels which is the lowest reserve amount this year and on-pace with volumes a year ago.