Energy Information Administration data shows that ethanol output and inventories dropped to three-week lows during the week ending on July 28.
The biofuel production dropped to an average of 1.06 million barrels a day during the week. The EIA report says that’s down from 1.094 million barrels the previous week and the lowest level since July 7. In the Midwest, the largest producing region in the country, output dropped to 1.005 million barrels a day, on average, from 1.02 million a week earlier. The agency said that’s also the lowest point in three weeks. West Coast production was closer to normal levels of 13,000 barrels a day, down from the previous week’s record total of 25,000 barrels.
Production on the Gulf Coast, Rocky Mountain region, and East Coast levels were unchanged from the previous week. Ethanol inventories shrank to 22.86 million barrels a day, down from 23.28 million a week earlier.