Ethanol Advances Versus Gasoline on Signs of Increased Demand
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Ethanol gained against gasoline on speculation demand for the biofuel will climb while stockpiles are at seasonal record lows.
The spread, or price difference, narrowed 0.52 cent to 29.14 cents a gallon New York time as the four-week average of gasoline demand has increased 6 percent from this year’s low in January, data from the Energy Information Administration show. Ethanol is blended with the motor fuel to meet federal mandates and stretch supply.