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Update: US Weekly Ethanol Production Dropped, EIA Says

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(Updated with additional details.)

US weekly ethanol production dropped, according to the US Energy Information Administration report on Wednesday.

For the week ending July 31, US ethanol production averaged 1.11 million barrels per day, below last week's 1.13 mmb/d and above last year's 1.08 mmb/d.

The four-week average output at 1.09 mmb/d was almost flat from a year ago.

Midwest ethanol production averaged 1.05 mmb/d, below 1.07 mmb/d the previous week. Four-week average output was 1.03 mmb/d, nearly equal to a year ago.

Domestic ethanol inventories ended the week at 24.5 million barrels, down from 24.7 mmbbls a week ago and above 23.8 mmbbls a year ago.

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