Ethanol Gains With Demand Rising Amid Low Inventories
Submitted by admin on December 4, 2013 – 11:11 amNo Comment
by Mario Parker (Bloomberg) Ethanol gained on speculation that rising production won’t be enough to keep up with demand and bolster stockpiles.
The additive’s discount to gasoline, based on January contracts, narrowed 0.47 cent to 96.07 cents a gallon. Motor fuel consumption is up 4.5 percent and ethanol inventories are down 18 percent from a year earlier, according to data from the Energy Information Administration.
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Ethanol exports rose to 1.29 million barrels in September from 814,000 in June, EIA data show. READ MORE
