ABU DHABI / GULF TIME Sergas Group, one of the leading companies in gas and ...
Read More »Ethanol blending pressures already shrinking refiner margins
Bloomberg Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners. The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through to the fuel prices. Now, gasoline is cheaper than the ethanol that refiners have no choice but to use. Ethanol averaged 30 cents above gasoline ...
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