Ethanol Advances Versus Gasoline as Output Slumps to 15-Week Low
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Ethanol gained against gasoline after production of the biofuel tumbled to the lowest level in more than three months.
The spread, or price difference, tightened 3.37 cents to 80.97 cents a gallon, based on September contracts for the motor fuel and additive. The most recent Energy Information Administration report showed output plunged a third week in the period ended July 26 to the least since April 12.