Ethanol Production Jumps and Gas Prices Down-Diesel Higher

Ethanol Production Jumps and Gas Prices Down-Diesel Higher

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

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**The Energy Information Administration says U.S. ethanol production jumped to its highest level in almost a month during the week ending on October 7.

Ethanol output rose to an average of 932,000 barrels per day, the largest production level since the week ending on September 9 and up 43,000 from the prior week.

Ethanol inventories rose to 21.86 million barrels, up from 21.68 million barrels a week earlier.

**The nation's average gas price declined for the first time in four weeks, falling 5.4 cents from a week ago to $3.86 per gallon.

The national average is up 20.6 cents from a month ago and 56.6 cents per gallon higher than a year ago.

The national average diesel price increased 18.7 cents in the last week and stands at $5.26 per gallon.

Diesel and heating oil prices will likely continue to rise with extremely low inventories.

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