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Ethanol Falls to Widest Discount to Gasoline in 2 Months

Bloomberg -- Ethanol’s discount to gasoline widened to the largest gap in two months as inventories of the fuel additive rose to a seasonal high and corn prices slumped on slowing demand.

An Energy Department report last week showed ethanol stockpiles gained 687,000 barrels to 20 million in the seven days ended Dec. 7, the highest for this time of year since at least 2010, when the department began collecting data. As of Dec. 6, corn sales for delivery before Sept. 1 dropped 46 percent to 12.488 million tons from a year earlier, the Agriculture Department reported.

“Ethanol inventories are oversupplied on a seasonal basis and this is putting slight downward pressure on the front of the ethanol curve,” said Mike Breitenbach, an analyst and trader at Blue Ocean Brokerage LLC in New York.

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Submitted Dec 18, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
07skydriver
Champion Author Ohio

Posts:6,153
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Message Posted: Dec 19, 2012 9:51:11 AM

BAN ETHANOL NOW.
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Dec 19, 2012 9:40:01 AM

Good.
BuckyTJones
Champion Author Salt Lake City

Posts:5,441
Points:1,137,585
Joined:Mar 2010
Message Posted: Dec 18, 2012 10:27:15 PM


It takes an act of God to put a stop to the ethanol use. Drought.

Our so called leaders will not do whats best for the people.
qwerty17
Champion Author New Jersey

Posts:6,511
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Message Posted: Dec 18, 2012 9:40:22 PM

stop food as fuel.
nskmda
Champion Author Grand Rapids

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Message Posted: Dec 18, 2012 3:47:45 PM

@BudsterMO
very good point
must87searcher
Champion Author Maryland

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Joined:Apr 2008
Message Posted: Dec 18, 2012 2:14:26 PM

There is some question to this information. Is the corn crop was so low this year, why is the ethanol price going down? This may be a chance the sellers could have too the buyers in confidence, wich is not true.
BudsterMO
Champion Author Kansas City

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Joined:Aug 2009
Message Posted: Dec 18, 2012 10:24:23 AM

If the blenders (big oil Companies) would use sugar cane Ethanol which is $.40 cents per gallon less than corn Ethanol we would get a decrease in gasoline prices and food prices would drop also. But of course its not about what is good for the people but how much greed can big Corporations extract from the public without actually killing them.
ss70
Champion Author Detroit

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Message Posted: Dec 18, 2012 10:13:55 AM

ethanol pricing should be investigated. traders are moving it relative to crude and gas ..
DarthDadJr
Champion Author Virginia

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Message Posted: Dec 18, 2012 10:05:55 AM

With the drought and lower corn yields, I don't understand why so much ethanol was produced...
md11capt
Champion Author Denver

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Message Posted: Dec 18, 2012 9:50:35 AM

There needs to be a wider price difference between gasoline and E85.
Lologogo
Champion Author Twin Cities

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Message Posted: Dec 18, 2012 9:16:48 AM

corn prices are slumping at a low demand? since when? Didn't we just have a shortage due to poor weather, and lack of rain. Did they find something else to gorge the beef cows with? Hmmm...
sciotosix
Champion Author Dayton

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Message Posted: Dec 18, 2012 9:14:50 AM

Not good for fuel!
CostEngineer
Veteran Author Sacramento

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Message Posted: Dec 18, 2012 9:06:07 AM

Nothing beats gasoline for BTU/gal and until the pricing is where people are forced away to gasoline, nothing will change.
QualTekGuy
Champion Author Illinois

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Message Posted: Dec 18, 2012 9:02:47 AM

This is when they try to push E15, in order to try to boost the demand.
ace07
Champion Author Utah

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Message Posted: Dec 18, 2012 9:01:14 AM

Get rid if Ethanol.
prorodeo2012
All-Star Author Bakersfield

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Message Posted: Dec 18, 2012 9:00:12 AM

Thats good
mazdaboy
Champion Author Portland

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Message Posted: Dec 18, 2012 8:59:25 AM

Ethanol lowers mileage.
gilfarm
Champion Author Alabama

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Message Posted: Dec 18, 2012 8:58:28 AM

Hope we do not move to E15!
rwrMO
Champion Author Missouri

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Message Posted: Dec 18, 2012 8:57:04 AM

we have no need for corn in gas!!
Rednix
Champion Author Miami

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Message Posted: Dec 18, 2012 8:56:20 AM

Ethanol seems to be fuel that people just don' want. Maybe we should build machines that can run more efficiently on ethanol or quit making the stuff.
WTLITNG
Champion Author Virginia

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Message Posted: Dec 18, 2012 8:55:00 AM

The ethanol is bad for engines, and should be eliminated from gasoline.
INBwana
Champion Author Indiana

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Message Posted: Dec 18, 2012 8:54:56 AM


Do away with ethanol completely!
RamboOn66
Champion Author Tampa

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Message Posted: Dec 18, 2012 8:54:45 AM

Bad news ethanol.
PathTrack
Champion Author Twin Cities

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Message Posted: Dec 18, 2012 8:54:19 AM

The EPA will not budge on its use.
Prov1322
Champion Author Atlanta

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Message Posted: Dec 18, 2012 8:52:09 AM

Repeating what others have said for emphasis...stop forcing ethanol on us!
Oldzin
Champion Author Orange County

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Message Posted: Dec 18, 2012 8:51:25 AM

Very stupid to use a food crop instead of something otherwise useless like Switch Grass.

[Edited by: Oldzin at 12/18/2012 9:53:11 AM EST]
johnbwilk
Rookie Author Georgia

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Message Posted: Dec 18, 2012 8:50:41 AM

Sugar Cane is a much better supplement to gasoline than corn and is not an important food item unless your hooked on Kellogs' Frosted Flakes (Used to called Sugar Frosted Flakes.) in which case we can distill pine trees.

[Edited by: johnbwilk at 12/18/2012 9:53:55 AM EST]
mohammed10
Champion Author Gainesville

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Message Posted: Dec 18, 2012 8:50:15 AM

Ok
CTarp
Champion Author Texas

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Message Posted: Dec 18, 2012 8:49:29 AM

Ethanol needs to follow leaded gasoline to the dungon.
marion1739
Champion Author Missouri

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Message Posted: Dec 18, 2012 8:48:16 AM

Find a way to use weeds not food
Insuremn
Champion Author Twin Cities

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Message Posted: Dec 18, 2012 8:47:47 AM

Stop using ethanol.
TuanCanCook
Champion Author Los Angeles

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Message Posted: Dec 18, 2012 8:47:47 AM

I thought we were going to get rid of ethanol? Nobody (but the corn lobby) seems to like it.
thuathienhue
Champion Author Michigan

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Message Posted: Dec 18, 2012 8:47:40 AM

Ok
BeulahME
Champion Author Maine

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Message Posted: Dec 18, 2012 8:47:04 AM

I hate ethanol.
End all Federal Funding of the crap!!!!!!!
JCI46009IN
Champion Author Indiana

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Message Posted: Dec 18, 2012 8:46:31 AM

Let them choke on their Ethanol
BillHeatherL
Champion Author Alberta

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Message Posted: Dec 18, 2012 8:45:59 AM

keep ethanol out of my gas tank
queenieIN
Champion Author Gary

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Joined:May 2012
Message Posted: Dec 18, 2012 8:45:01 AM

Need different renewable fuel, and stop taking it of the diner table
Hangnail309
Champion Author Manitoba

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Message Posted: Dec 18, 2012 8:44:43 AM

Corn is for food not for fuel!
RONALD777
Champion Author Houston

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Message Posted: Dec 18, 2012 8:43:34 AM

At least it helps the consumer.
kishoreCA
Champion Author Ventura

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Message Posted: Dec 18, 2012 8:43:17 AM

why government is not doing anything?
infinititom
Champion Author Dallas

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Message Posted: Dec 18, 2012 8:43:01 AM

How could this happen after the media beat us with facts claiming our Global warming behaviors caused the worst ever drought and there was no corn to be had???
jwalkerh
Champion Author Louisiana

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Message Posted: Dec 18, 2012 8:42:45 AM

Ok
vcsuksu21
Champion Author Virginia

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Message Posted: Dec 18, 2012 8:42:36 AM

need to get off ethanol
Jmac2008
Champion Author Missouri

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Message Posted: Dec 18, 2012 8:42:35 AM

if they would stop requiring ethanol, gas mileage would go up in cars.
tarheelcoastie
Champion Author Greensboro

Posts:8,549
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Message Posted: Dec 18, 2012 8:42:23 AM

after a drought that reduced corn supplies! what's going on here?
livedream
Champion Author Michigan

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Message Posted: Dec 18, 2012 8:42:20 AM

I agree with TopGunn!
Soglaos
Champion Author Virginia Beach

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Message Posted: Dec 18, 2012 8:42:01 AM

Ban all Ethanol Now! Corn is Food not a gas Additive
JWHITE1937
Champion Author Massachusetts

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Message Posted: Dec 18, 2012 8:41:08 AM

It's Renewable and there's a surplus!
TopGunn
Champion Author Baltimore

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Joined:Aug 2004
Message Posted: Dec 18, 2012 8:40:15 AM

ETHANOL IS, ALWAYS HAS BEEN AND ALWAYS WILL BE, A VERY POOR CHOICE FOR USE AS AN ENGINE FUEL SUPPLEMENT.
CharlieC08
Champion Author Colorado

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Message Posted: Dec 18, 2012 8:40:08 AM

I can hear the farmers crying already.
Wolfwings
Champion Author Delaware

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Message Posted: Dec 18, 2012 8:38:35 AM

y vehicle does NOT act well on ethanol.

I'll be happier when it is GONE!
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