And a yard guy to keep the grass cut.
Posted on 04/02/2014 6:58:35 AM PDT by thackney
Link only due to Bloomberg content
(Excerpt) Read more at fuelfix.com ...
Ethanol increase 81% in price the past quarter.
You just know “big oil” will get blamed for the drought...while the gummint pushes for E15 (bad for fuel systems and little children).
EIA data shows U.S. ethanol consumption continues to grow
http://www.ethanolproducer.com/articles/10899/eia-data-shows-u-s-ethanol-consumption-continues-to-grow
The U.S. produced 1.24 billion gallons of ethanol in December 2013, up from 1.07 billion gallons during the same month of 2012. According to the EIA, more than 13.31 billion gallons of ethanol was produced in 2013, up from nearly 13.22 in 2013.
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The tally is in: Ethanol ‘blend wall’ cost refiners at least $1.35 billion
http://www.reuters.com/article/2014/03/31/us-rins-spike-costs-analysis-idUSBREA2U0PT20140331
Last year’s spike in the price of ethanol blending credits cost independent refiners at least $1.35 billion, more than three times as much as the year before, according to a Reuters’ review of securities filings.
The tally, which has not been previously reported, is a conservative estimate as it includes only nine refiners that disclosed the figures. Others affected did not specify the cost of buying Renewable Identification Number (RINs), paper credits used to meet quotas for blending biofuel into gasoline and diesel.
While it has long been clear that refiners lacking the facilities to blend their own fuel would end up footing a billion-dollar-plus RINs tab last year, the data may give the companies more firepower as they urge regulators to stick to a proposal to cut back ethanol requirements for this year.
excerpted
Bush’s Fault! Heck, every time gas went up a penny, the Drive By Media was camped at gas stations interviewing the low info types and asking them who they blame. Seemed like every news story had at least one or two idiots blame Bush. Why not this time?
How much longer can the US run on stupid?
If they quit polluting our fuel with corn, we’d get better mileage, at a lower cost.
Ethanol reduces mileage such that your “pollutants per mile” remain unchanged and it damages your engine’s life.
Bush’s Fault!
No, Cheney’s fault!
Wait a minute.....who is in office?
Gee Obama is swell.
I have been rebuilding carbs for the last 3 weeks due to this ethanol crap.
My local station has increased 50 cents a gallon since January.
And a yard guy to keep the grass cut.
Government’s fault is always a safe answer...
Ethanol....high fructose corn syrup to gum up your car.
Very little is purely good or purely bad. It began when corn was $1.50 a bushel and we had way to much corn. The govt and you and I were tired of paying subsidy so ethanol was a way of reducing surplus.
Now here is your thinker of the day. It used to be the goal of the government to carry one year supply into the next year, a one year reserve. This happened after the 30’s after a crop disaster. It was important to have that reserve. Now if we don’t use the last bushel of old crop, the very same day the new crop comes in, we did something wrong. Do you see a potential problem? Most thinking people would look at a one year reserve as a valuable asset, not a cost. But we managed for what we don’t want, not what we want.
After Europe and spending 80 bucks to fill my gas tank, I will easily pay 30 to fill the same gas tank. We are so lucky.
Ethanol, Running on Stupid
The only problem there is that at QuikTrip in Tulsa, where they sell “no Ethanol gasoline” - the price is way more expensive than with Ethanol, and I mean WAY MORE!
However, ethanol is not the problem. The EPA is the problem. I hope the next President is:
(a) not a Democrat.
and (b) is smart enough to end these insane boutique fuels that are customized for every major metropolitan area.
and (c) end low-sulfur diesel
These regulations are based on very fishy, if not downright fraudulent lefto-science and add greatly to cost of refining and distributing motor fuel.
When GW took over, I had hoped the verbally challenged oil man would handle this. The fact that the boolshiite EPA is still around in all its insane power and glory is definitely Bush's Fault.
Not likely, gasoline is joining that mission.
Real world mileage of ethanol gas vs real gas:
On my 94 Honda, I get a solid 26 MPG with ethanol laced gasoline. With ethanol free gas I get 31 MPG.
This is week after week driving the exact same route daily. I buy ethanol free from a store near a boat ramp, and will not buy any more gas with ethanol unless the ethanol free is unavailable.
Gracias, Gringo! You have just helped to reduce the cost of tortillas in México!
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