U.S. ethanol production was unchanged last week while fuel inventories fell to their lowest level in nearly three weeks, according to new data from the Energy Information Administration. Ethanol plants produced an average of 1.108 million barrels per day during the week ending June 5, matching the previous week's output. Production in the Midwest, the nation's largest ethanol-producing region, edged higher to 1.049 million barrels per day from 1.047 million the week before, reaching its highest level in three weeks. Production declined along the Gulf Coast, falling to 25,000 barrels per day from 28,000 barrels a week earlier. Output on the East Coast increased to 13,000 barrels per day, while production in the Rocky Mountain and West Coast regions was unchanged. Meanwhile, ethanol inventories dropped to 24.45 million barrels, down from 24.61 million the previous week. The decline pushed stockpiles to their lowest level since mid-May, a sign of continued demand for the corn-based renewable fuel.
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