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WHY ARE ETHANOL PRICES SO LOW?

The price of ethanol at plants approached the unheard of low level of $1 per gallon at times in recent months, according to Scott Irwin of the Department of Agriculture and Consumer Economics at University of Illinois. The ethanol industry has placed much blame for low prices on small refinery exemptions (SREs) granted under the Renewable Fuel Standard (RFS) by the U.S. Environmental Protection Agency. Evidence shows the physical use of ethanol has declined little if any during the last year. (Farm Doc Daily)

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