Ethanol gained for a sixth straight session after a government report showed that rising U.S. output wasn’t enough to boost supplies. Ethanol increased 0.5 percent as inventories declined 12,000 barrels to 15.2 million barrels in the week ended Nov. 8, the Energy Information Administration said today. Production jumped 2.8 percent to 927,000 barrels a day, the highest level since Feb. 10, 2012, Ethanol’s discount to gasoline widened 4.67 cents to 90.57 cents after stockpiles of the motor fuel dropped, sending gasoline prices to a four-week high. “Demand is outpacing output, leaving little room to replenish stockpiles,” Renato Dias, a Campinas, Brazil-based analyst for Intl FCStone Inc., said in a telephone interview. Denatured ethanol for December settlement extended its longest winning streak since May, advancing 0.9 cent to close at $1.778 a gallon on the Chicago Board of Trade. Prices have dropped 19 percent this year. Ethanol output will rise […]