U.S. ethanol production has averaged less than a million barrels a day for the fifth consecutive week, the longest stretch below that mark since late 2016.
The U.S. Energy Information Administration says production last week averaged 996,000 barrels a day, up 25,000 on the week, but 28,000 lower than this time last year.
Margins have improved, but the industry is concerned about demand because of EPA policy on exemption waivers for small oil refineries, which is currently the subject of a court challenge by renewable fuel and commodity groups.
Continue reading Ethanol production up on week, stocks drop at Brownfield Ag News.
