STREATOR, Ill. (DTN) -- A recent surge in the price of corn-based ethanol Renewable Identification Numbers has resulted in lower prices at the pump for E85 and increased sales this month, said a presenter at the Commodity Futures Trading Commission committee meeting Thursday.
E85 is a concentration of up to 85% ethanol with 15% gasoline.
The CFTC convened a meeting of its Agricultural Advisory Committee to obtain the views of agricultural market experts.
"E85 sales have tripled," said Phillip Verleger of PK Verleger LLC, one of two presenters on ethanol RINs.
RINs, the credits used to show compliance with the ...