Country feeling pain of impacts of Midwest floods on ethanol industry

In New York, Reuters reports that the aftermath of the Midwest floods on the ethanol industry continue without abatement, sinking prices in the main producing areas where product can’t get out due to damaged infrastructure while fuel prices on the coasts are soaring in part due to a lack of ethanol supply. Gasoline prices in Southern California are seen heading towards $4 a gallon for the first time since 2014. About 13% of ethanol production is currently offline due to the floods.