Sunday, February 12, 2012 7:08:14 PM
"What troubles Wendland and other ethanol producers is the widening spread between ethanol and wholesale gasoline.
Ethanol prices have dropped some 60 cents per gallon since last July. Meanwhile wholesale gasoline has gone in the opposite direction, rising from $2.50 per gallon in November to above $2.90 per gallon last week.
Wendland and other ethanol producers normally like to see their product sell about 45 cents per gallon below wholesale, to give oil companies, pipelines and distributors sufficient incentive to blend the cheaper biofuel with unleaded gasoline to ease prices.
“But an 70-80 cents per gallon spread between us and unleaded is too high,” Wendland said. “There’s just not much that can be done about it.”
So, he flatly states the Cheaper Ethanol is, compared to gas, the less will be consumed!!! I don't think SOOOOO! MOO
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