Ethanol Gains Against Gasoline on Lower Supply and Higher Demand
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Ethanol gained against gasoline on speculation that lower imports and higher demand will drain stockpiles of the fuel alternative.
The spread narrowed 2.65 cents to 69.01 cents a gallon. Imports were down 83 percent to 21,000 barrels a day in the week ended Feb. 15 from the 2012 high in October, according to the Energy Information Administration, while inventories are lower than year-ago levels.