Ethanol’s Discount to Gasoline Expands on Refinery Maintenance
This article is for subscribers only.
Ethanol weakened against gasoline as prices for the motor fuel gained on speculation seasonal refinery maintenance will limit supply.
The spread, comparing front-month contracts, expanded 1.58 cents to 70.31 cents a gallon at 3:02 p.m. New York time. Gasoline stockpiles in the U.S. probably fell 1 million barrels last week, according to the median of 12 analysts in a survey by Bloomberg.