U.S. ethanol production and stocks both climbed higher last week.
The U.S. Energy Information Administration says the domestic supply hit a 48-week high at 23.592 million barrels, an increase of 681,000 on the week, but a decrease of 100,000 on the year.
The Renewable Fuels Association says net inputs by refiners and blenders and the volume of gasoline supplied to the market were both above week ago and year ago levels.
