While the price of gasoline relentlessly creeps upward, the price of fuel grade ethanol (WITHOUT ANY SUBSIDIES, BY THE WAY) contines to ease.
Why do you continually try to use price to explain your position? Price essentially means nil in a global commodity market -- value means everything. Price can be manipulated, value cannot.
Yesterday, Ethanol on the futures market was $2.21 a gallon, while RBOB gasoline rose to $2.93. That's 24% better price for ethanol, at a time when most flex-fuel cars get about 15% less MPG on E85. That means, in short, that you are 9% better off financially using American-made E85 fuel, than you are with that dirty, imported foreign-terrorist supporting gasoline junk.
Again, price is not the important point, value is and as a value investment, ethanol does not make you "better off finanacially."
P.S.- Before Nnuut posts that AAA pump "BTU adjusted price" crap (which is not reflective of actual mileage of Flex-fuel cars, by the way, and the AAA doesn't post the BTU adjusted price of gasoline compared to Diesel fuel, which, if posted, would show Diesel fuel has a 20% advantage over gasoline, as the diesel molecules contain more BTUs than gasoline does), it's much better to let those who drive American-made flex-fuel cars have a choice which fuel they perfer to use.
Now you get it... diesel is more efficient and is a better choice. I'm all for choice -- you know what CHOICE means, right? No congressionally mandated ethanol (or any fuel) requirement should jibe well with your position, thanks.
My Impala gets 12% less MPG on E85 than gas. That's it. Not 25% less.
Price yesterday of gasoline at the wholesale level, without taxes, $2.93:
American-made fuel-grade Ethanol, yesterday, on Chicago futures market, without taxes-- $ 2.21:
Oh yea- I almost forgot to mention-
Ethanol subsidies- now at ZERO.
What about the mandate? Dodging that?
Oil Company subsidies, now at $48 BILLION dollars industry wide.
I'm all for ending those as well.
Exxon-Mobile not only paid NO U.S. federal taxes on $16 BILLION in profits in 2009, on their huge profits, they actually got $159 million dollars in tax credit refunds from the IRS.
http://www.sanders.senate.gov/newsroom/news/?id=67562604-8280-4d56-8af4-a27f59d70de5
You seem dead intent on bringing dollars into the discussion. How's this: exxon doesn't pay taxes anyway, they COLLECT them through their pricing.
Let's see an end to all tax breaks given out to special interests, and then we'll see which fuels compete on a level playing field.
It never changes, all you have to do is "follow the money" .
