U.S. ethanol production moved higher last week, while the domestic supply got tighter.
The U.S. Energy Information Administration says production averaged 975,000 barrels a day, up 10,000 on the week and 303,000 on the year, one of the first weeks blending demand concerns connected to COVID-19 impacted the industry. Last week’s average was 27,000 barrels below the week ending April 5th, 2019.
The Renewable Fuels Association says net inputs by refiners and blenders and the volume of gasoline supplied to consumers were below the previous week, but above this time last year.
