The Energy Information Administration says U.S. ethanol output topped the one-million-barrel mark for the first time in 14 months, while stockpiles also rose last week. Ethanol production jumped to an average of 1.032 million barrels a day in the week ending on May 14.
The latest EIA report says that’s up from 979,000 barrels a day, on average, during the prior week and the highest level since March 13, 2020. The Midwest, by far the largest ethanol-producing region, saw its output come in at an average of 985,000 barrels a day, up from 940,000 the previous week.
That’s the highest level since the week ending on February 28, 2020. Gulf Coast production jumped to an average of 20,000 barrels a day, up from 16,000 the previous week. Rocky Mountain output rose to 10,000 barrels a day from 8,000, and East Coast production rose to 7,000 barrels a day from 6,000 a week before.
The West Coast was the only region where output didn’t improve, holding fast at an average of 9,000 barrels a day. Inventories rose, but only slightly, coming in at 19.4 million barrels last week, up from 19.39 million the prior week.
