Ethanol-gasoline price spread drops to lowest level in 6 months

August 19, 2010 |

In Illinois, analysts at the Chicago Mercantile Exchange are musing whether record ethanol production will continue to be absorbed after the summer driving season comes to a close. With US economic growth falling, gasoline futures prices have also fallen—causing the spread between ethanol and gasoline to shrink to its smallest in six months. Ethanol is still 62 cents cheaper than gasoline including the 45-cent ethanol tax subsidy.

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