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Re: E85 and what will burn it????
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Posted by NcNE on September 03, 2006 at 10:26:13 from (216.161.68.145):
In Reply to: E85 and what will burn it???? posted by BLW on September 03, 2006 at 09:28:22:
Dont get me wrong because I am all for farmers making money and reducing the dependency of foreign oil but I am really worried about the whole ethanol thing. Nebraska is one of the leading producers of ethanol. However, prior to the fuel hikes casued by hurricane katrina, the price of E85 was priced considerably lower than the regular unleaded and E10 and saw tons of support. Ever since then, E85 went from being anywhere from $0.75-$1.00 cheaper than regular to only within somewhere between $0.25-$0.30 cheaper. If only 15% of E85 is regular petroluem, how come it took so much of a hike?Now here is where it gets even better. The other day in Grand Island, Nebraska, the price of E85 was actually higher than regular unleaded. This is in an area that has at least 5 ethanol plants within 50 miles that are up and running. Here is what scares me. What is the future of the ethanol industry if E85 and similar ethanol based fuels end up costing more at the pump than the oil based fuels? I have studied the ethanol procution process and have found many of the rumors about it to be false. It seems to me that the people behind the pricing seem to be under the impression that if the petro companies can rake in that much money, why cant we.
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