Ethanol keeps climbing as gasoline prices remain high

Ethanol prices have risen steadily this year, fueled by the Biden administration’s over-mixing of biofuels in gasoline and some of the highest US consumer inflation in decades.

The price of ethanol, the corn-based fuel that is a common gasoline additive, has risen 14% so far this quarter, outpacing crude. The industry benchmark, the Chicago Ethanol Platts futures contract, closed Wednesday at $2.82 a gallon. At the end of November, it reached a record $3.45.