Ethanol’s Discount to Gasoline in Brazil Drops to Four-Month Low
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Ethanol’s discount to gasoline in Brazil, the world’s second-largest producer of the biofuel after the U.S., dropped to the lowest since June after rain delayed harvesting and millers slowed sales.
The discount narrowed to $1.63 a gallon in October through the 26th, according to information on the Rio de Janeiro-based ANP oil regulator’s website. The average price for gasoline was 2.83 reais a liter ($4.92 a gallon) and ethanol was 1.91 reais.