- Eric Loveday
- Apr 20, 2011
Brazil's ethanol prices have soared to levels rarely seen, rising 65 percent over last month's prices and hitting $6.31 a gallon, more than double the amount the biofuel was selling for during this same time last year. Since Brazil blends its gasoline with a mandated 25 percent ethanol, the rising cost of the biofuel can significantly affect pump prices.
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