U.S. ethanol production ramped up last week while stocks got tighter.
The U.S. Energy Information Administration says production averaged 941,000 barrels a day, up 28,000 from the previous week and the highest average since early September, but that is still down 63,000 barrels from a year ago as demand uncertainties linked to COVID-19 continue to impact the industry.
The Renewable Fuels Association says two important demand indicators, blender inputs and the volume of gasoline supplied to the market, were also up on the week and down on the year.
