Bloomberg News

Ethanol Output in U.S. Little Changed, Energy Department Says

October 26, 2011

Oct. 26 (Bloomberg) -- Ethanol production in the U.S. was little changed at 909,000 barrels a day in the week ended Oct. 21, according to an Energy Department report.

Stockpiles climbed 1.4 percent to 17.3 million barrels, the highest level since the week ended Sept. 30 and the second straight gain. Supply hadn’t increased in consecutive weeks since the period ended July 15.

Production of conventional gasoline blended with ethanol advanced 1 percent to 5.15 million barrels a day, also the highest since the week ended Sept. 30. Refiners receive a 45- cent tax credit for every gallon of ethanol blended into the motor fuel.

Denatured ethanol for November delivery rose 0.5 cent to $2.702 a gallon at 10:42 a.m. New York time on the Chicago Board of Trade. Futures have gained 14 percent this year.

--Editors: David Marino, Dan Stets

To contact the reporter on this story: Mario Parker in Chicago at mparker22@bloomberg.net

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


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