Canadian oil producers blending ethanol at 30% over mandated levels

In Canada, the oil industry may be blending as much as 30% more ethanol than required by the country’s E5 blending mandate because ethanol futures are running at less than half the retail price of gasoline. The industry is adding in more ethanol not just because it’s cheaper, but also because it doesn’t require the hassle of refining. Ethanol imports from the US rose 140% last year.