Ethanol prices up strongly for second week in a row
Ethanol rack prices rebounded strongly last week from nearly two months of steady
declines, with traders citing tighter supplies and the mix of geopolitical and
seasonal issues impacting crude oil.
Prices increased by a whopping 6 to 9 cents per gallon, to about
$1.69 a gallon, in Midwest points of origin, but the boost was somewhat absorbed
in transit as ethanol moved out toward anterior markets.
West Coast prices were assessed at $1.73 to $1.75, about 3 to 4 cents
per gallon higher, while prices on the East Coast moved up 2 to 3 cents to about
the same level.
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