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Ethanol rack prices exceeded Gasoline back in May so that was likely what that was. The subsidy expiring, from my understanding of business and tax credits, won't affect the pump price directly but instead profit margins.
Ethanol prices are determined mostly by Feedstock(Mostly Corn) prices, distilling, transportation, and Oil. Feed Corn was trading at record levels prior to this year's harvest.
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-Allch Chcar
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