Chicago Argo ethanol prices fall to lowest level in 15 years

December 12, 2018 |

In Illinois, Platts reports that prices for Chicago Argo ethanol have fallen to $1.1725/gal the lowest level seen in 15 years. Healthy margins kept ethanol producers pumping out more than a billion barrels per day well past the peak summer driving season but that have since fallen into negative margins at around minus 16.41 cents/gal on December 10 compared to 22 cents on July 13. Some ethanol plants have begun to reduce production runs in light of high production levels and stocks in an attempt to ease pressure on prices.

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Category: Fuels

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