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Ethanol’s Discount to Gasoline Steady as Corn Costs Slow Output

Bloomberg -- Ethanol’s discount to gasoline was little changed amid speculation that higher corn prices will curtail output that’s down 16 percent from a year ago.

The grain-based additive was 57.44 cents a gallon less expensive than gasoline, based on prompt-month contracts for both commodities, compared with 57.24 cents yesterday.

“A lot of producers were out here buying today,” said Jim Damask, a manager at StarFuels Inc. in Jupiter, Florida. “Some of them are short and corn’s strong. That’s put pressure on some of the guys. They’re getting a little nervous being short.”

Denatured ethanol for February delivery rose 1.5 cents, or 0.7 percent, to settle at $2.22 a gallon on the Chicago Board of Trade. Gasoline for February delivery gained 1.7 cents to $2.7944 a gallon on the New York Mercantile Exc

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Submitted Jan 09, 2013 By: skb69sa

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Jan 10, 2013 11:03:21 PM Ignore honda0105 Report Abuse EtOH has never been the answer.
FNB1967 Champion Author Ontario Posts:1,842 Points:768,070 Joined:Jan 2011	Message Posted: Jan 10, 2013 6:16:02 AM Ignore FNB1967 Report Abuse Old
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Jan 10, 2013 5:56:52 AM Ignore virostek Report Abuse OK.
remay Champion Author Houston Posts:6,978 Points:2,119,565 Joined:May 2006	Message Posted: Jan 10, 2013 5:26:19 AM Ignore remay Report Abuse I guess this will some day be the norm?
Jeff4U Champion Author Atlanta Posts:8,767 Points:1,854,320 Joined:Nov 2004	Message Posted: Jan 9, 2013 11:15:58 PM Ignore Jeff4U Report Abuse Ethanol sucks and always will.
bston Champion Author Oklahoma City Posts:1,830 Points:644,225 Joined:Mar 2011	Message Posted: Jan 9, 2013 10:46:49 PM Ignore bston Report Abuse We don't use ethanol in our vehicles.
RitaVespa Champion Author Oregon Posts:2,991 Points:794,310 Joined:Jan 2011	Message Posted: Jan 9, 2013 6:17:01 PM Ignore RitaVespa Report Abuse I hate ethanol
supercell Rookie Author Minnesota Posts:52 Points:23,820 Joined:Mar 2006	Message Posted: Jan 9, 2013 12:21:20 PM Ignore supercell Report Abuse Not economic or smart enough for my tank.
TonyPSU Champion Author Cleveland Posts:2,546 Points:696,480 Joined:May 2011	Message Posted: Jan 9, 2013 11:08:01 AM Ignore TonyPSU Report Abuse We need to eat corn not burn it. Let's lower the price of a box of Corn Flakes. At $4 and higher a box, it is ridiculous. Pretty soon we will need a CornFlakesBuddy site!
bar1035 Champion Author Charlotte Posts:9,172 Points:1,300,170 Joined:Aug 2006	Message Posted: Jan 9, 2013 10:34:35 AM Ignore bar1035 Report Abuse Then why was e-85 the same price ast E-10 the last time I went by the only station I know of selling that crap
jimmy544 Champion Author Boston Posts:4,133 Points:655,805 Joined:Feb 2011	Message Posted: Jan 9, 2013 10:03:37 AM Ignore jimmy544 Report Abuse I think we should not force E15 on the population like we have with E-10. They should offer straight gas and E-10 should be less money because there is less energy available in the gas. Ethanol should also be made from waste cellulose so there is not competition for animal feed too.
swepson Champion Author Greensboro Posts:5,483 Points:1,554,300 Joined:Jul 2008	Message Posted: Jan 9, 2013 9:49:40 AM Ignore swepson Report Abuse Let's get rid of ethanol.
LarksNY Champion Author Albany Posts:1,409 Points:637,115 Joined:Jun 2006	Message Posted: Jan 9, 2013 9:29:13 AM Ignore LarksNY Report Abuse Was a great idea until it became a bad idea.
No1ConMan Champion Author Memphis Posts:1,025 Points:216,890 Joined:Sep 2005	Message Posted: Jan 9, 2013 9:28:29 AM Ignore No1ConMan Report Abuse If we must use this stuff use sugarcane instead of corn. There's plenty of it and it doesn't affect so many other industries or prices!
Mariuxus Champion Author Chicago Posts:3,770 Points:1,873,015 Joined:May 2007	Message Posted: Jan 9, 2013 9:23:12 AM Ignore Mariuxus Report Abuse Get rid of ethanol...for good...
pricechecker08 Champion Author Ohio Posts:7,886 Points:1,702,650 Joined:Jan 2008	Message Posted: Jan 9, 2013 9:18:45 AM Ignore pricechecker08 Report Abuse Seen a Meijers station that had Ethanol 15 cents higher than gas.
INBwana Champion Author Indiana Posts:5,477 Points:697,935 Joined:Apr 2011	Message Posted: Jan 9, 2013 9:16:56 AM Ignore INBwana Report Abuse Corn is for feed and food, not for fuel!!!!!
Catfish93001 Champion Author Ventura Posts:1,200 Points:247,955 Joined:Jun 2008	Message Posted: Jan 9, 2013 9:09:10 AM Ignore Catfish93001 Report Abuse The Model T was designed to run on alcohol, most modern cars are not.
Shadowwarrior All-Star Author Pennsylvania Posts:928 Points:2,022,335 Joined:Oct 2005	Message Posted: Jan 9, 2013 9:08:20 AM Ignore Shadowwarrior Report Abuse 5% ethanol max... and only 10% of that can come from corn or other food stock.
OldMan322 Champion Author Illinois Posts:5,165 Points:1,596,690 Joined:Jul 2008	Message Posted: Jan 9, 2013 8:59:53 AM Ignore OldMan322 Report Abuse If ethanol is less why is E-85 25 to 50 cent more then regular at the pump
bart_reed Champion Author Los Angeles Posts:3,984 Points:787,580 Joined:Mar 2011	Message Posted: Jan 9, 2013 8:56:35 AM Ignore bart_reed Report Abuse OK, what is the deal?
bell05 Champion Author Atlanta Posts:9,265 Points:1,878,560 Joined:Jun 2005	Message Posted: Jan 9, 2013 8:50:50 AM Ignore bell05 Report Abuse You got that right Sethyl.
Delight777 Sophomore Author Cleveland Posts:228 Points:359,370 Joined:Oct 2011	Message Posted: Jan 9, 2013 8:50:28 AM Ignore Delight777 Report Abuse Good inform.
sivart Champion Author Arkansas Posts:18,238 Points:3,072,910 Joined:May 2004	Message Posted: Jan 9, 2013 8:49:55 AM Ignore sivart Report Abuse The article said, "producers are losing 27 cents on each gallon of the fuel made"!! Now I wonder what that statement really means? Get rid of ethanol once and for all as no-one wants it in their gas!!!
gamalerin Champion Author Tampa Posts:4,762 Points:995,460 Joined:Jul 2010	Message Posted: Jan 9, 2013 8:45:25 AM Ignore gamalerin Report Abuse Nice Article..Thanks.
BossPal All-Star Author Illinois Posts:552 Points:241,535 Joined:Mar 2012	Message Posted: Jan 9, 2013 8:45:18 AM Ignore BossPal Report Abuse Hey do you think the Government will subsidize the little guy for damaging their vechicle by using ethanol in their older vehicle?
Sethyl Champion Author Miami Posts:1,763 Points:379,415 Joined:Oct 2009	Message Posted: Jan 9, 2013 8:43:36 AM Ignore Sethyl Report Abuse kill the idea of ethanol as vehicle fuel. none of our vehicle parts were designed for it, and it will only get worse
36IHBinder Champion Author Illinois Posts:2,968 Points:645,040 Joined:Jun 2011	Message Posted: Jan 9, 2013 8:43:07 AM Ignore 36IHBinder Report Abuse cool
cssco Champion Author Virginia Posts:7,337 Points:1,753,480 Joined:Feb 2006	Message Posted: Jan 9, 2013 8:42:36 AM Ignore cssco Report Abuse The use of ethanol is very similar to making plastic automobiles.
TonyPSU Champion Author Cleveland Posts:2,546 Points:696,480 Joined:May 2011	Message Posted: Jan 9, 2013 8:42:03 AM Ignore TonyPSU Report Abuse We need to eat corn not burn it. Let's lower the price of a box of Corn Flakes. At $4 and higher a box, it is ridiculous. Pretty soon we will need a CornFlakesBuddy site!
icer06 Champion Author Huntsville Posts:2,433 Points:459,020 Joined:Jan 2012	Message Posted: Jan 9, 2013 8:41:55 AM Ignore icer06 Report Abuse We need to get rid of ethanol; it does no good for our engines.
mazdaboy Champion Author Portland Posts:7,898 Points:2,100,205 Joined:Aug 2003	Message Posted: Jan 9, 2013 8:39:05 AM Ignore mazdaboy Report Abuse Ethanol is S&M to cars.
Wizrd03 Champion Author Illinois Posts:8,162 Points:1,634,285 Joined:Oct 2008	Message Posted: Jan 9, 2013 8:38:15 AM Ignore Wizrd03 Report Abuse It still sucks as a fuel
TBecker1415 Champion Author Missouri Posts:1,670 Points:349,690 Joined:Nov 2011	Message Posted: Jan 9, 2013 8:37:14 AM Ignore TBecker1415 Report Abuse hmmm
freedomsailor Champion Author Naples Posts:2,139 Points:412,620 Joined:Oct 2011	Message Posted: Jan 9, 2013 8:36:07 AM Ignore freedomsailor Report Abuse No matter what propaganda comes from the corn industry, ethanol is still bad for millions of cars engines.
checkum Champion Author St. Louis Posts:7,603 Points:1,476,090 Joined:Jan 2008	Message Posted: Jan 9, 2013 8:35:58 AM Ignore checkum Report Abuse big oil is selling our crude as fast as it can be drilled and fracked!!!
MightyDude Champion Author Minnesota Posts:10,360 Points:2,650,695 Joined:Mar 2003	Message Posted: Jan 9, 2013 8:35:31 AM Ignore MightyDude Report Abuse ehthanol is a proven failure so dump it and move on
DrZNY Champion Author Albany Posts:2,569 Points:823,735 Joined:Jan 2009	Message Posted: Jan 9, 2013 8:35:13 AM Ignore DrZNY Report Abuse We should only be adding 5% ethanol to our gasoline.
tarheelcoastie Champion Author Greensboro Posts:5,206 Points:1,113,105 Joined:Jan 2009	Message Posted: Jan 9, 2013 8:34:59 AM Ignore tarheelcoastie Report Abuse Gov't subsidy.
w4kh Champion Author Tennessee Posts:11,680 Points:2,230,940 Joined:May 2004	Message Posted: Jan 9, 2013 8:34:25 AM Ignore w4kh Report Abuse Main problem we face seems to be that corn ethanol is part of the mandate rather than simply ethanol from all sources, with some incentive for cellulosic ethanol from "waste" material like corn stalks, switchgrass, sawdust, and even manure.
nru Champion Author Twin Cities Posts:1,758 Points:985,105 Joined:Feb 2006	Message Posted: Jan 9, 2013 8:33:45 AM Ignore nru Report Abuse And how much did ADM get in tax "breaks" last year?
Jamer Champion Author Las Vegas Posts:8,769 Points:1,638,210 Joined:Jul 2002	Message Posted: Jan 9, 2013 8:31:54 AM Ignore Jamer Report Abuse Corn based ethanol should be discontinued completely.
MarAzul Champion Author London Posts:3,786 Points:681,435 Joined:Feb 2011	Message Posted: Jan 9, 2013 8:31:53 AM Ignore MarAzul Report Abuse Corn for food---NG for vehicles.
scrossi Champion Author Indiana Posts:3,894 Points:1,050,440 Joined:Dec 2008	Message Posted: Jan 9, 2013 8:30:17 AM Ignore scrossi Report Abuse Ethanol BAD.
lightbulbman2008 Champion Author Worcester Posts:415,500 Points:1,589,585 Joined:Oct 2008	Message Posted: Jan 9, 2013 8:30:10 AM Ignore lightbulbman2008 Report Abuse not for me or anybody...
EnviroChemist All-Star Author Oklahoma Posts:735 Points:211,810 Joined:Oct 2011	Message Posted: Jan 9, 2013 8:30:05 AM Ignore EnviroChemist Report Abuse The addition of ethanol is a Band-Aid not a fix. It needs to be removed.
dgarz01 All-Star Author Illinois Posts:684 Points:599,365 Joined:Mar 2011	Message Posted: Jan 9, 2013 8:30:02 AM Ignore dgarz01 Report Abuse Sure thing
notnxs383 Champion Author Missouri Posts:2,560 Points:594,185 Joined:Oct 2008	Message Posted: Jan 9, 2013 8:29:29 AM Ignore notnxs383 Report Abuse Nobody seems to want the crap used for fuel. Where is this 57 blah blah cents... Here, at the pump it's 10cents less for E85
Hangnail309 Champion Author Manitoba Posts:6,034 Points:1,679,130 Joined:Aug 2006	Message Posted: Jan 9, 2013 8:29:13 AM Ignore Hangnail309 Report Abuse corn for food not for fuel.
GManCo Champion Author Colorado Springs Posts:5,006 Points:953,540 Joined:Sep 2010	Message Posted: Jan 9, 2013 8:28:51 AM Ignore GManCo Report Abuse Ethanol is so bad for the environment.