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Phew! Gas Sinks Below $4

Diesel down as well, but still high; ethanol hovers in the low $3 range

(Newser) - Gas prices dipped below $4 today for the first time in almost 2 months, CNN reports. A survey by AAA showed that a gallon of regular cost an average of $3.983, 2 cents lower than yesterday. The move continues a trend over roughly the last week in which prices... More »

Ethanol Glut Sinking Farmers' Hopes

'Gold rush' fades as biofuel prices plummet

(Newser) - A glut of ethanol has sent prices plumetting, staggering the hopes of farmers and businesses who once counted on a biofuel gold rush, reports the New York Times. Companies and farm cooperatives built so many ethanol distilleries that production has far outpaced demand, in part because distribution hasn't kept up. More »

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