California ethanol premium over NY rebounds thanks to Brazilian cargo delays

In California, delayed imports of Brazilian ethanol has helped the region’s premium over New York return to normal levels after a well supplied market weighed on prices earlier in the summer. Plants located along the Union Pacific rail line were also said to be having some challenges, further supporting the premium. Platts said the premium was 4.75 cents per gallon on Tuesday for the 95.01 carbon intensity rating fuels at $1.5975/gal. It also estimated Low Carbon Fuel Standard credits were $3.50 higher at $91.50/mt.