[nascarnation]

This certainly doesn’t confirm that statement:

http://www.eia.gov/todayinenergy/prices.cfm

wholesale gasoline 2.59/gal
wholesale ethanol 1.89/gal

[Hoodat]

Ethanol production enjoys a 51¢ per gallon subsidy. Blenders enjoy a 45¢ per gallon subsidy. Take those away, and you will find ethanol prices exceeding $2.59/gal.