Ethanol production in the U.S. rose 0.2 percent to 807,000 barrels a day last week, the lowest level for the time of year in records going back to June 2010.
Output declined 16 percent from the record high of 963,000 barrels a day in December 2011 and was 4.8 percent above the all-time low of 770,000 in the week ended Jan. 25, a report from the Energy Information Administration showed today. Stockpiles were little changed at 17.5 million barrels, 22 percent lower than a year earlier.
Imports jumped 81 percent to 49,000 barrels a day in the week ended March 29, the highest level since Jan. 18, according to the Energy Department’s statistical arm.
Ethanol-blended gasoline made up 92 percent of the total U.S. gasoline pool, the least since Feb. 22, the report showed.
Denatured ethanol for April delivery increased 3.3 cents, or 1.4 percent, to $2.421 a gallon at 11:06 a.m. New York time on the Chicago Board of Trade. Prices have gained 11 percent this year.
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