Ethanol Rises Against Gasoline on Signs of Higher Export Demand
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Ethanol advanced against gasoline on speculation higher export demand is tightening supply along the U.S. East Coast.
The spread, or price difference, contracted 7.43 cents to 27.04 cents a gallon as ethanol stockpiles in New York Harbor in the week ended April 26 dropped to a record low 5.6 million barrels, data from the Energy Information Administration show, even as total gasoline demand trails year-earlier levels. Renewable Identification Numbers were mixed.