Ethanol fuel is made from ethyl alcohol, which is also used in alcoholic drinks. It’s often used as a motor fuel as a biofuel addition in gasoline. Biomass, such as maize or sugarcane, is widely used to produce ethanol.
Ethanol-blend fuel is widely used in Brazil, the United States, and Europe. The majority of automobiles on the road in the United States currently can run on ethanol blends of up to 10%, which accounts for 10% of all gasoline sold in the country. Some hybrid and flexible-fuel cars can operate solely on ethanol.
It is used by the majority of Americans, but it is also in high demand in other nations. As a result, many individuals choose to invest in this commodity. However, if you lack the appropriate equipment, earning money in this industry may be tough.
Ethanol is expected to grow in popularity over the next eight years, so staying up to date on rates that might affect your assets is generally a good idea. This may be accomplished via an API, which is a programmatic interface that takes data from a location and then returns it to the person who requested it.
About APIs
The majority of APIs employ Javascript Object Notation (JSON), which is one of the most widely used programming languages. This is a basic data transfer format that can be read and written by people. JSON is a text format that is completely language-agnostic while yet adhering to standards that C-family programmers are familiar with. JSON is a great data-interchange language because of these qualities.
With all we’ve discussed in this post, you can see how important it is to find a JSON-based API that can provide you with ethanol pricing. There are several of them available on the internet. However, not all of them will provide you with ethanol prices or utilize JSON, which is why you should choose carefully before wasting time and money.
What is the Commodities-API, precisely, and how does it work?
Commodities-API is a piece of software that displays ethanol information in real-time. It may update once every 10 minutes or once every 60 seconds. It also provides historical data, allowing you to reflect on prior occurrences and aiding in future action planning.
You may get real-time data on a variety of commodity rates using this way. This method is employed in a variety of sectors and websites to do business.
- You may receive your API key by registering at www.commodities-API.com.
- Look for the Ethanol symbol and whichever currency you prefer.
- Find the commodity and money in the list by using these symbols. Make the API call after you’ve decided on them.
- The website will offer an API in a variety of programming languages, which you may tweak, utilize, and adapt as needed.
This is what the final result will look like:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "GBP",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Is This a Reliable Source?
This API gets commodity pricing data from over 15 reliable data sources per minute. Banks and financial data firms are among them.
It’s vital to note that Commodities-API only gives commodity and currency rate midpoint data. The average median rate of Bid and Ask at a particular time is used to compute midpoint rates.
Also published on Medium.