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| Ethanol futures is $1.40/gal, RBOB gasoline physical futures is $2.07 per gallon. The ratio is 67%. The energy content of ethanol is roughly 67% of gasoline, ethanol is being priced at the energy value of gasoline with no credit for it's octane value or it's oxygen content.
The spot price for MTBE in Europe is $4 per gallon, twice that of gasoline that gives you some idea just how aggressively ethanol is priced. | |
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Trumps rfs war
