NEWS
Wed Aug 6, 2014 11:29 AM CDT

NEW YORK (DTN) -- The Energy Information Administration released data Wednesday showing domestic ethanol inventories tumbled while production fell sharply last week.

Total U.S. ethanol inventories decreased about 300,000 barrels (bbl), or 1.8%, to 18.3 million bbl during the week-ended Aug. 1, falling from a 17-month high posted a week prior, while up 9.2% year-over-year, EIA said.

Stock draws occurred in PADD 1 East Coast and PADD 2 Midwest regions while PADD 3 Gulf Coast and PADD 5 West Coast posted builds, the data showed.

Domestic ethanol production decreased 52,000 barrels per day (bpd), or 5.5%, last week to 902,000 ...

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