Pacific Paces Ethanol Rally Fueled by Prospect of Lifting Limits
- Trump is said to lift Summer limits on high-ethanol gasoline
- Move could appease Midwest corn farmers battered by tariffs
Photographer: Sergio Flores/Bloomberg
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Pacific Ethanol Inc. led biofuel companies higher with the Trump administration said to be preparing a policy change allowing year-round sales of gasoline with more ethanol, a move that would bolster demand.
Shares in Sacramento, California-based Pacific surged as much as 17 percent, the most among global biofuel peers. Green Plains Inc., another U.S. producer, gained as much as 4.6 percent. Bloomberg reported on the planned policy change on Friday, citing people briefed on the matter.