Shares in Sacramento-based Pacific Ethanol Inc. sank even worse than the market indices Monday on a string of bad news for the ethanol industry.
The past four days have seen reports of declining fuel use, falling crude oil prices and the reversal of a Trump administration policy that might have benefited ethanol producers.
Pacific Ethanol (Nasdaq: PEIX) shares fell 10 cents, or 23.3%, to close at 33 cents.
The broad S&P 500 Index, meanwhile, fell 7.6% in its worst day since 2008.
Other ethanol…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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