Post by biofuels on Dec 3, 2012 22:42:30 GMT -5
Ethanol Gains Against Gasoline on Higher Corn and Lower Supply
Ethanol strengthened against gasoline as supplies fell and rising corn prices signaled higher production costs.
The grain-based additive’s discount to gasoline was 29.85 cents a gallon, compared with 35.34 cents Nov. 30, based on futures settlement prices. The spread has averaged 62.67 cents this year, enticing refiners to blend more ethanol in order to pocket the difference between the two fuels.
www.bloomberg.com/news/2012-12-03/ethanol-gains-against-gasoline-on-higher-corn-and-lower-supply.html
How does the grain-based additive affect gasoline ethanol prices?
Ethanol strengthened against gasoline as supplies fell and rising corn prices signaled higher production costs.
The grain-based additive’s discount to gasoline was 29.85 cents a gallon, compared with 35.34 cents Nov. 30, based on futures settlement prices. The spread has averaged 62.67 cents this year, enticing refiners to blend more ethanol in order to pocket the difference between the two fuels.
www.bloomberg.com/news/2012-12-03/ethanol-gains-against-gasoline-on-higher-corn-and-lower-supply.html
How does the grain-based additive affect gasoline ethanol prices?