Ethanol production in the U.S. rose 3.4 percent last week to 894,000 barrels a day, the highest level in three weeks, according to the Energy Department.
Output rose the most since Oct. 14, a department report released today in Washington showed. Stockpiles increased 1.7 percent to 22.2 million barrels, the highest amount since March 30 and the biggest weekly gain since March 16.
Production of conventional gasoline blended with ethanol advanced 2.2 percent to 5.22 million barrels a day, the department said.
Denatured ethanol for May delivery fell 2.1 cents, or 0.9 percent, to $2.19 a gallon at 10:41 a.m. New York time on the Chicago Board of Trade.
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