This story in The New York Times today was entertaining, and shows that even crooks react to price signals sent out by the market.
The reference that caught my eye in particular was the statement by one restaurant owner that burglars in the past would have stolen from his alcohol stash. Now, they steal his restaurant grease.
And The Barrel wondered: could it be because they've checked the ethanol-diesel spread recently? Platts assessed Ultra Low Sulfur Diesel in the US Gulf Coast market May 29 at approximately $3.79/gal. We assessed ethanol in the Gulf Coast at $2.49/gal. Do the thieves know that as they shifted their targeted "swag" from booze to animal fat?
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