Ethanol’s Discount to Gasoline Lowest Since 2011 on Higher Use
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Ethanol’s discount to gasoline dwindled to the lowest level since December 2011 on concern inventories won’t be able to meet rising demand.
The spread, or price difference, narrowed 7.96 cents to 3.49 cents a gallon. Yesterday the Energy Information Administration reported that ethanol-blended gasoline made up 96 percent of the U.S. total last week and stockpiles of the biofuel slumped to 16 million barrels, the lowest level since October 2010.