Ethanol Snaps Streak of Gains Against Gasoline on Higher Output
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Ethanol snapped the longest streak of gains against gasoline in five weeks as prices for the motor fuel rose for the first time in four days and production of the biofuel increased.
The spread widened 3.01 cents to 71.66 cents a gallon, based on futures settlement prices, the first expansion since Feb. 14. Gasoline prices recovered a day after the Energy Information Administration said supplies sank 2.88 million barrels and ethanol production grew for a third week.