Ethanol to hit refining profitability

摘要

Surging ethanol blending will undermine wholesale gasoline prices in the Atlantic Basin, starting in 2012, according to ESAI's newly updated two-year outlook. The oudook says that ethanol will add supply to the gasoline market, especially in the US. As this additional volume meets organic demand growth, it will weaken gasoline and widen the disparity between gasoline and diesel prices on both sides of the Atlantic.