U.S. ethanol production dropped last week.
The U.S. Energy Information Administration says production averaged 994,000 barrels a day, falling below a million barrels a day for the first time since early last October, with some plants going idle or temporarily halting production due to a combination of margins and winter weather. That’s down 47,000 barrels on the week, but up 57,000 on the year, when production was limited by demand uncertainties caused by the pandemic.
