Business agency 08 month 14 days

According to the Reuters newsletter, a survey report released in August 12th showed that the influence of Midwest drought and oil supply disruptions, the past two weeks, U.S. gasoline prices continued to rise. It is understood that in August 10th this year, the United States self-service gasoline prices from $3.51 in July 27th rose to $3.69. In April 6th this year, the price of gasoline was higher to $3.967 a gallon, a record high. The earlier record for July 11, 2008 of $4.112 a gallon.

The oil industry analyst Lundberg (Trilby Lundberg) in the United States nationwide survey of more than 2 thousand and 500 gas station, the survey results show that the oil refinery gasoline supply disruptions, and lead to the Midwest drought ethanol In short supply (ethanol with corn as raw materials), caused by the current U.S. gasoline prices continue to rise.

Lindberg also said that U.S. law requires quantitative ethanol sale, and sale of alcohol, is used for the synthesis of gasoline. On Friday, West Texas crude oil futures prices closed at $92.87 a barrel in March 1st this year, West Texas crude oil price was $110.55 a barrel.

In August this year, West Texas crude oil rose by 5.5%, while the July rate is 3.6%. The latest data show that the Chicago Grain Exchange, since mid June this year, for the delivery of corn futures prices in December rose 60%, the amplitude is obvious.