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Ethanol Production, Inventories Drop

The Energy Information Administration says ethanol output declined week to week, and inventories dropped during the week ending April 8. 

The EIA report shows biofuel production fell to an average of 995,000 barrels a day, down from just over one million barrels a day during the prior week. 

In the Midwest, far and away, the largest-producing area in the country, output dropped to an average of 935,000 barrels a day, down from 946,000 one week earlier. 

Gulf Coast production rose to 24,000 barrels a day, on average, from 23,000 barrels the previous week. 

West Coast output also rose to an average of 9,000 barrels a day, up 2,000 barrels a day from the prior week. 

Rocky Mountain output stayed steady at 15,000 barrels a day, while East Coast production was also steady compared to the previous week at 12,000 barrels a day. 

Stockpiles dropped to 24.8 million barrels during the week ending on April 8.

(Story Courtesy of the NAFB News Service)



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