Ethanol Prices Climb on Stronger RINs Demand

  • 16 May 2013
  • By U.S. Energy Information Administration
  • Topics: Energy

Domestic Output Growing as Corn Cheapens

Spot prices for ethanol in New York have continued climbing, reaching $2.89 a gallon last week, the highest since late 2011, according to the Energy Information Administration.

The recent rise is tied to an increase in demand for renewable identification numbers (RINs) used to comply with the Renewable Fuel Standard program, the EIA said May 15 in its This Week in Petroleum report.

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