Ethanol production reached a yearly low last week as a Midwestern drought continues to spur skyrocketing corn prices. The U.S. Energy Information Administration reported yesterday that ethanol production for the week ending June 29 was 857,000 barrels, down 26,000 barrels per day compared with the previous week. The percentage of ethanol used in gasoline also reached a record low for the year, at 9.52 percent. Go to story #1