Ethanol is probably worth more packaged in a hand sanitizer than as a gas supplement these days
Fuel Fix:
Crude oil prices are not the only thing falling amid a global supply glut and weakened demand attributed to the coronavirus outbreak.It can cost as much as $30 a liter to be mixed with aloe gel right now. Such is the run on hand sanitizers because of the Chicom Bat Soup virus.
U.S. ethanol prices have hit lowest point in more than a decade, according to new figures from global energy research firm S&P Global Platts.
Ethanol trading on Chicago's Argo Terminal closed at 99 cents per gallon on Tuesday, the lowest price for the corn-based fuel since 2003 and the first time its assessed value has dropped below the $1 per gallon mark.
...
Comments
Post a Comment