Chicago Argo prices hit fifth new low in three weeks

April 2, 2020 |

In Illinois, Platts reports Chicago Argo ethanol prices fell to a new record low of 84.8 cents per gallon earlier this week, falling from the previous low set on March 23, the fifth time a new low has been hit in the past three weeks. Demand for ethanol continues to slump as drivers stay home to shelter in place from COVID-19. Even though ethanol producers are scaling back production in the face of negative margins, lack of storage capacity and falling demand, stocks continue to rise.

Category: Fuels

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