Press Release: 10.27.10
ESAI’s Two-Year Outlook Points to Ethanol Tipping Point
BOSTON - October 27, 2010— Surging ethanol blending will undermine wholesale gasoline prices in the Atlantic Basin, starting in 2012. As shown in ESAI’s newly updated two-year outlook, ethanol will add supply to the gasoline market, especially in the United States. 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.