U.S. ethanol production was up fractionally last week.
The U.S. Energy Information Administration says the average of 1.003 million barrels a day was up 6,000 on the week, but down 33,000 on the year.
The mixed production is due to demand uncertainties caused by relatively high gasoline prices as the ethanol industry pushes for year round access to E15.
The Renewable Fuels Association says two big indicators of demand are pointing to improvements ahead of a seasonal increase in travel, as net inputs by refiners and blenders and the volume of gasoline supplied to the market hit their highest levels since late December 2022.
