Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ethanol Rises With Gasoline, Oil, Corn

Oct. 4 (Bloomberg) -- Ethanol futures capped the longest streak of gains since July as gasoline, oil and corn climbed.

Prices jumped after gasoline surged as refinery and pipeline shutdowns increased concern that supplies aren’t adequate to meet demand. Crude rose the most in two months as the euro gained on the dollar and Mideast tension threatened to disrupt output. Corn, the primary ingredient used to make ethanol in the U.S., advanced for the fourth time in five days.

“The strength in the energies and the strength in the corn is really supporting ethanol,” said Dan Flynn, a trader at Price Futures Group in Chicago.

Denatured ethanol for November delivery rose 0.9 cent or 0.4 percent, to settle at $2.413 a gallon on the Chicago Board of Trade. The five-day increase was the longest streak of consecutive gains since one ended July 18.

In cash market trading, ethanol on the West Coast surged 8.5 cents to $2.575 a gallon, data compiled by Bloomberg showed. In the U.S. Gulf, the additive increased 7 cents to $2.49. Ethanol in Chicago gained 6.25 cents to $2.425 a gallon, and, in New York, the biofuel advanced 4.5 cents to $2.50.

Corn for December delivery rose 0.25 cent to $7.57 a bushel in Chicago.

Based on December contracts for ethanol and corn, plants are losing about 35 cents on each gallon of the biofuel produced, according to data compiled by Bloomberg. That doesn’t include profit from the sale of dried distillers’ grains, a byproduct of ethanol production that can be fed to livestock.

Crude oil for November delivery rose $3.57, or 4.1 percent, to $91.71 a barrel on the New York Mercantile Exchange.

Gasoline for November delivery climbed 14.34 cents, or 5.1 percent, to $2.9429 a gallon in New York. The contract covers reformulated gasoline, made to be blended with ethanol before delivery to filling stations.

To contact the reporter on this story: Mario Parker in Chicago at

To contact the editor responsible for this story: Dan Stets at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.