Sure the US Consumer LOVES paying more for their Gasoline... especially when they get the CANCER CAUSING BENZENE added for extra.. LOVE IT!!
April NYMEX RBOB is currently trading at $1.8722 vs April Ethanol at $1.296 so the spread has widened out to $0.43 premium the RBOB when before the RIN WAIVERS Ethanol was trading at a premium to RBOB.
Ethanol has more octane so you would think that it would trade at a premium.
Anyone who says the Waivers did not hurt.. is not being honest. |