Ethanol Blog
Spot Ethanol Prices Gain in California amid Short Squeeze
Spot ethanol prices moved lower in Chicago, New York and the Texas Gulf Coast markets while most of the West Coast market gained on talk of a short squeeze in California.
Fuel ethanol for this week shipment in northern California traded at $1.765 and $1.78 per gallon, up 4.0 cents on the day. For Chicago ethanol under Rule 11 traded unchanged at $1.62 per gallon, and prompt transfer ethanol at the Argo hub traded at $1.60 per gallon, down 1.0 cent on the day.
George Orwel can be reached at george.orwel@telventdtn.com.
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