Ethanol Production and Inventories Increase

The Energy Information Administration says ethanol output and stockpiles both rose in the seven days ending on June 14.

Ethanol production increased to an average of 1.057 million barrels a day. The EIA report says that was up from 1.023 million barrels from the prior week. Output in the Midwest was reported at 998,000 barrels a day, up from 967,000 barrels a week earlier. Gulf Coast production increased to an average of 26,000 barrels per day from 25,000 the previous week. West Coast output jumped to 12,000 barrels daily from 10,000 the week before. East Coast output was steady at 12,000 barrels per day.

The EIA says the Rocky Mountain region was the lone decliner, dropping to 10,000 barrels a day, on average, from 11,000 barrels the week before. Ethanol stockpiles in the week ending on June 14 increased to 23.617 million barrels, up from 23.22 million a week earlier.