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Ethanol Production Drops More Than Expected

Production dropped 40,000 barrels/day in one week


Daily production of ethanol in the U.S. sank to its lowest level since March, more than expected by analysts surveyed by Dow Jones, reports MarketWatch.

In its weekly report released Wednesday, the EIA said that U.S. ethanol production is at 933,000 barrels/day for the week ended Aug. 20, a 40,000 barrel/day decrease from last week.

The decline is more than expected by analysts, who had expected production to be at anywhere from 962,000 barrels/day to 990,000 barrels/day.

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