The Energy Information Administration says U.S. ethanol output jumped to the highest level in over two months, and inventories improved in the week ending on May 30. EIA data says production rose an average of 1.105 million barrels during the week, up from 1.056 million barrels the previous week and the highest production since March 14.
Midwestern output increased to an average of 1.05 million barrels per day, up more than 100,000 barrels over the prior week. Gulf Coast production increased by 1,000 barrels a day from the previous week. West Coast output improved to 9,000 barrels a day, up from 8,000 the week before. The East Coast and Rocky Mountain regions were unchanged compared to the prior week at 12,000 and 11,000 barrels per day, respectively. Ethanol inventories during the same week rose to 24.4 million barrels, up from 24.2 million barrels, up from 24.2 million barrels a week earlier.
-NAFB