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2. Ethanol Production Drops to Lowest in More Than Two Months
Ethanol output plunged week-to-week to the lowest level in more than two months while stockpiles continued to increase, according to the Energy Information Administration.
Production of the biofuel dropped to an average of 934,000 barrels a day in the week that ended on Dec. 25, down from 976,000 barrels a week earlier, the EIA said.
That’s the lowest level since the seven days that ended on Oct. 16.
In the Midwest, by far the biggest producing region, output averaged 891,000 barrels a day. That’s down from 929,000 barrels a day, on average, the previous week and also the lowest since mid-October, the agency said. ....

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