US ethanol production averaged 1.049 million b/d for the week ended January 17, a 46,000 b/d decrease compared with the previous week but still up 18,000 b/d year on year, Energy Information Administration data showed Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Production was below market expectation and follows a seven-month high the previous week. Overproduction combined with seasonally low demand has pushed ethanol prices lower in recent weeks, according to market sources. While the EIA’s reported decline in production is substantial, it may not be enough to slow the fall in prices. One source said that production above 1.010 million b/d will continue to impact prices. Total stocks added 1.025 million barrels last week to finish with 24.031 million barrels, the second build of more than 1 million barrels in the last three weeks. The rise in inventory was substantially […]