Alto Ingredients Inc (ALTO)

[Waterloo85]

Rule where are you getting those prices?

Those look like Rack prices and not terminal prices. Rack price is not what PEIX gets paid. Rack prices are the prices that major refineries sell their products to market at. PEIX sells their ethanol at terminal spot prices mainly indexed to LA and chicago + basis to the major refineries for blending. The rack prices have fuel taxes, other costs and commissions baked in.

The price in the Los Angeles Terminal was 2.79 Bid and 2.82 Ask.

There is nowhere in the country right now what is receiving a producer price over $3.

The 4 major terminals in the country for Ethanol index prices are:
New York Harbor Barge - 2.43B/2.46A
Argo ITT - 2.415B/2.43A
Gulf Coast - 2.50B/2.52A
NorCal - 2.79B/2.82A

The premium for California Ethanol has been on a tear in the last week or so. The premium for delivered corn is $1.69 which is higher than Q1, but CBOT corn has come down quite drastically...so West Coast Crush spreads are very very healthy at $1.30 a gallon.