Ethanol’s Discount to Gasoline Narrows as Obama Rejects Waiver
This article is for subscribers only.
Ethanol’s discount to gasoline narrowed after the Obama administration rejected requests to waive requirements for blending the fuels.
Ethanol rose 1.6 cents, or 0.7 percent, to $2.351 a gallon on the Chicago Board of Trade, contracting the additive’s discount to gasoline to 35.91 cents a gallon from 36.12 cents yesterday, based on December futures prices. Gasoline’s premium was 99.8 cents on Sept. 28.