Ethanol trading at highest point vs gasoline since summer

December 6, 2012 |

In Illinois, Bloomberg is reporting that ethanol is trading at its highest point relative to the price of gasoline since last summer. “The grain-based additive’s discount to gasoline was 18.79 cents a gallon based on front-month futures, versus 21.08 cents yesterday, the least since July 18. The spread has averaged 62.2 cents this year and reached 99.8 cents Sept. 28,” said the Bloomberg report. Ethanol prices closed at $2.409 for the January contract on the Chicago Board of Trade, today.

Category: Fuels

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