January 2, 2008

Follow the Money

More research on E10 should have us boiling mad.

First our prices have not gone down. They should and here is why.

10% of our gasoline has been replaced by a cheaper product, ethanol. As of this morning the rack price is $2.22 per gallon. that’s less than $3 - right?

Under the Jobs Creation Act 2005 the Feds are compensating the oil companies 5.1 cents a gallon for E10

To make this really clear replace a $3 product with one that is $2.22 and get 5.1 cents a gallon from the Feds (which is really our money) and THEY KEPT ALL OF IT!

 

Filed under Gas Prices by Admin

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