Drought Forces Up Ethanol Prices

(Before It's News)

Midwest corn production is at its lowest level in nearly two decades due to drought, forcing up the price of corn-based ethanol, Downstream Today reports. This is the same situation we alerted you to earlier this year. Ethanol prices have jumped nearly a third in recent months as the drought has taken effect.  This intern affects the price of gas at the pump as the federal government requires gasoline to consist of at least 10% ethanol.

Drought Forces Up Ethanol Prices was originally featured in The Daily Resource Hunter. Check out the newest Daily Resource Hunter research video “The Price of Gas Explained”.

Article Title originally appeared in the Daily Resource Hunter (www.dailyresourcehunter.com) At the Daily Resource Hunter our approach to research is different. With our boots on the ground, we travel the world looking for the most lucrative resource opportunities and deliver them to you in a daily email newsletter. For more information visit us at www.dailyresourcehunter.com)

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