The U.S. ethanol supply contracted again last week and is now at its’ lowest level for the year.

The U.S. Energy Information Administration says domestic ethanol stocks were 21.034 million barrels, down 312,000 from the previous week and 533,000 less than this time last year.

That tightness is because of lower production levels caused plant slowdowns and closures, along with increased blending demand as the summer driving season starts and states continue to relax COVID-19 related restrictions.

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