U.S. ethanol production climbed to its highest level in five weeks, while inventories also increased during the week ending October 16, according to the Energy Information Administration. Production averaged 1.094 million barrels per day, up from 1.065 million barrels the previous week. It was the highest weekly average since the week ending September 11. The Midwest, the nation’s largest ethanol-producing region, increased output to an average of 1.033 million barrels per day, compared with 1.01 million a week earlier. Production also rose along the Gulf and East coasts. Rocky Mountain output was unchanged, while the West Coast was the only region reporting a decline. Meanwhile, ethanol inventories increased to 24.558 million barrels, up from 23.942 million the previous week. That was the highest inventory level since September 18.
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