Spot ethanol prices gained slightly Wednesday after the U.S. Energy Information Administration reported domestic ethanol inventories fell 100,000 bbl to 18.9 million bbl during the week-ended Oct. 16, while demand rose 10,000 bpd to a seven-week high of 897,000 bpd.
Prompt delivered ethanol at the Argo hub near Chicago was talked at a $1.53 to $1.55 per gallon bid/ask for a gain of 1.0 cent, while New York Harbor October barges were pegged 1.0 cent higher at $1.67 per gallon. This week delivered ethanol in northern California was penciled at $1.70 per gallon, up a penny.
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