Ethanol Blog
Myke Feinman Refine Fuels Reporter

Tuesday 11/12/13

Spot Ethanol Prices Firm on Gasoline Blending Demand

Spot ethanol prices moved higher Tuesday, underpinned by firm gasoline blending demand.

"You're tight on stocks so ethanol demand appears to be pretty good," commented Brandon Marshall, analyst for Northstar Commodity, Minneapolis, Minnesota.

Implied gasoline demand for the four weeks-ended Nov. 1 was 9.055 million bpd, up 5.4% from same four-week period in 2012 while ethanol stocks dropped to a 15 million bbl record low 0ct.25, according to data from the Energy Information Administration.

Spot ethanol at the Argo hub near Chicago gained 1.25 cents early Tuesday, bid at a $1.85 with the asking price at $1.87 per gallon.

Myke Feinman can be reached at myke.feinman@telventdtn.com.

(ES/)

Posted at 1:17PM CST 11/12/13 by Myke Feinman
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
August  2014
S M T W T F S
               1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31                  
Subscribe to Ethanol Blog RSS
Recent Blog Posts