Ethanol production surged to multi-month highs last week.
The U.S. Energy Information Administration says production averaged 1.07 million barrels a day, the highest since early December, up 38,000 on the week and 36,000 on the year.
Iowa State University’s Center for Agricultural and Rural Development says operating margins at the average Iowa plant improved, stimulating production as the industry tries to meet the demands of the summer driving season.
The Renewable Fuels Association says net inputs by refiners and blenders and the volume of gasoline supplied to the market were both modestly higher.
Ethanol production, stocks rise
