E85 sales slump

I spotted this in today’s news. It is telling us that motorists are counting their pennies before fueling up.
“The U.S. ethanol industry has been staggered by high corn prices, low wholesale ethanol prices and the credit crunch. Major producers such as South Dakota-based VeraSun Energy Corp. went bankrupt.
Minnesota sales of E85 fell 52 percent from [...]

E 10 Could Be Banned in Oregon

The ethanol complaints tend to come from Republicans, but three of the bills have Democratic supporters. The politicians said they’re hearing widespread complaints from voters.
Sen. Vicki Walker, D-Eugene, co-sponsored the bill that would eliminate the ethanol blend requirements. She testified Thursday, saying the ethanol blend reduced the mileage in her hybrid Toyota from 42 mpg [...]

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10% of our gasoline has been replaced by a cheaper product, ethanol.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 [...]