Ethanol’s Discount to Gasoline Widens as Corn Prices Plunge
This article is for subscribers only.
Ethanol’s discount to gasoline widened as corn fell to a three-year low, signaling lower production costs to make the biofuel.
The spread, or price difference, expanded 0.74 cent to 93.96 cents a gallon after corn, the primary ingredient in U.S.- made ethanol, touched the lowest level since August 2010. One bushel makes at least 2.75 gallons of the fuel additive.