Wed, 08 Aug 2012 16:00:52 CDT
WASHINGTON - Exports of corn-based ethanol may suffer from the country's worst drought in more than 50 years, but prices for gasoline blended with the domestic fuel should not rise significantly, the government said on Wednesday. The drought has shriveled crops and boosted prices for corn to record levels late last month. The higher corn prices have also boosted prices for ethanol and helped push some distilleries to close until market conditions improve. The Energy Department's statistics wing, the Energy Information Administration, forecasted this week that U.S....
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