Global fuel crisis influenced by weather

07/1/2008 | International Herald Tribune

The recent floods in the Midwest wreaked havoc with corn crops, which in turn helped drive up ethanol prices by 21% in the past month. The impact of weather on the U.S. biofuels industry is largely felt in the corn belt and Gulf of Mexico. However, only two of the 160 ethanol refineries in the U.S. shut down during the storms.

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