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Midwest Floods May Seep Into Gas Prices

Decimated corn crop will likely boost refiners' ethanol costs

By Jim O'Neill,  Newser User

Posted Jun 18, 2008 11:29 AM CDT

(Newser) – Gas prices could be going up even more as Midwest floods put acres of corn underwater, causing its price—and that of ethanol—to spike, the Wall Street Journal reports. Relatively low ethanol prices have helped keep gasoline in check, but ethanol refiners paying more...   Read full story »

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