Ethanol Gains With Demand Rising Amid Low Inventories
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Ethanol gained on speculation that rising production won’t be enough to keep up with demand and bolster stockpiles.
The additive’s discount to gasoline, based on January contracts, narrowed 0.47 cent to 96.07 cents a gallon. Motor fuel consumption is up 4.5 percent and ethanol inventories are down 18 percent from a year earlier, according to data from the Energy Information Administration.