(Bloomberg) -- The steepest decline in ethanol since
2001 may be ending, buoying profits at Archer Daniels Midland
Co., VeraSun Energy Corp. and Aventine Renewable Energy Inc.
Ethanol tumbled 43 percent in the past 12 months, making
the corn-based fuel additive cheaper than gasoline for the first
time in two years. The difference in price will persist through
2007, spurring ethanol sales as oil refiners use it to stretch
fuel supplies, said Ian Horowitz, an analyst at Soleil
Securities Corp. in New York.
Read more at Bloomberg Energy News
2001 may be ending, buoying profits at Archer Daniels Midland
Co., VeraSun Energy Corp. and Aventine Renewable Energy Inc.
Ethanol tumbled 43 percent in the past 12 months, making
the corn-based fuel additive cheaper than gasoline for the first
time in two years. The difference in price will persist through
2007, spurring ethanol sales as oil refiners use it to stretch
fuel supplies, said Ian Horowitz, an analyst at Soleil
Securities Corp. in New York.
Read more at Bloomberg Energy News
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