Bloomberg News

Ethanol Production in U.S. Declines for Fourth Week in Five

October 13, 2011

Oct. 13 (Bloomberg) -- Ethanol production in the U.S. fell 0.3 percent to 860,000 barrels a day in the week ended Oct. 7, according to an Energy Department report.

Output declined for the fourth time in five weeks to the second-lowest level since the week ending April 15. Production in the week ending Sept. 23 was lower at 841,000 barrels a day. Stockpiles declined 2.7 percent to 16.9 million barrels from 17.3 million the previous week, the department said.

Production of conventional gasoline blended with ethanol slid 0.3 percent to 5.14 million barrels a day. Refiners receive a 45-cent tax credit for every gallon of ethanol blended into the motor fuel.

Denatured Ethanol for November delivery fell 2.2 cents, or 0.8 percent, to $2.605 a gallon at 11:31 a.m. New York time on the Chicago Board of Trade. Ethanol futures have gained 9.6 percent this year.

--Editors: Bill Banker, Richard Stubbe

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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