U.S. ethanol production and supplies moved higher last week.
The U.S. Energy Information Administration says production averaged 1.067 million barrels a day, up 33,000 on the week and 230,000 on the year, as the industry continues to bounce back from slower demand caused by the COVID-19 pandemic.
The Renewable Fuels Association says net inputs by refiners and blenders were modestly lower and gasoline demand hit a twelve-week low, but both remained well above year ago levels.
