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Boosted by exports to Brazil mostly. So we pay higher prices at the store because these folks are making dollars off our corn being turned into fuel and shipped overseas. Yippee!!! Maybe they can get Monsanto to use the agent orange left over in the warehouses to spray the sugar cane fields in Brazil and break the record next year? I won't even mention the subsidies to ethanol because I don't want to puke.
"Production at Iowa’s 41 ethanol plants increased by about 200 million gallons this year over 2010 to a record 3.7 billion gallons, but Iowa Renewable Fuels Association executive director said that exports, not domestic demand, was responsible for the rise.
“2011 was certainly a good year for Iowa ethanol producers with increased production and profitability,” said IRFA Executive Director Monte Shaw. “However, we relied on export markets for growth.”
Most pumps have the unleaded next to the ethanol mix. The ethanol mix is usually like .15 a gallon cheaper. So much for cheap ethanol. With all the ethanol they are churning out one would think it would be at least .50 to a buck cheaper especially in the state that's making it. Make more money sending it overseas though it appears.
Yeah, they are passing a lot of gas in Iowa right now!
Brilliant half a line response, bob. Now address the topic and get off the attack the messenger mode. Alinsky failed to tell you how to use that one of his favorite methods in a way that it isn't obvious to others. Hell, there wasn't anything like the internet back in old Saul's day, was there?
Most pumps have the unleaded next to the ethanol mix. The ethanol mix is usually like .15 a gallon cheaper. So much for cheap ethanol. With all the ethanol they are churning out one would think it would be at least .50 to a buck cheaper especially in the state that's making it. Make more money sending it overseas though it appears.
Not in Texas. You cannot buy gasoline in Texas which isn't 10% ethanol and that's about to go up to 15%.
Thank you, Rick Perry and your Republican cronies in Austin.
Ethanol fuel is one of the biggest scams perpetrated on the American people today, and of course like most scams against us our government is involved.
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