I read your post - 952 - in which you made your assertion but provided no link. So I researched it, AFTER WHICH I replied in my post 1032. Okay? Maybe you don't understand. I learned about ethanol after I took the time to look it up AFTER reading your post (952). I did not know about this before I read your post(952). I did not know this while reading your post(952). I knew it after I researched, THEN I responded to your post (952) with my post(1032). Researching just now, I discovered most articles refute your assertion. According to them two (2) (posted below) the hike due to increase in the ethanol additive price is actually prospective. Do you have a link to support your assertion that gas prices have gone up in the last month due to ethanol additive price increase? Last week AAA said the spike was due to "seasonal refinery switchovers." Triple A has historically stated that to remind us prices go up in the summer. I read their enclosures. :)
(EDIT BEFORE POSTING - this just in: USA Today says: Gas prices might increase 24 cents
By James R. Healey, USA TODAY
usatoday.com
Gasoline prices could rocket 24 cents a gallon the next few days, as stations across the USA scramble to keep up with big jumps in the prices of oil and wholesale gas, a veteran energy-price analyst forecast Thursday. ) NO MENTION OF ETHANOL!
"As in recent weeks, auto club spokeswoman Rose Rougeau (roo-ZHOH') blames the price spike on the seasonal refinery switchovers. She says refineries are switching from producing winter-grade fuel to producing cleaner-burning summer fuel. That -- she says -- slows refinery fuel production, lowers fuel inventories and drives up prices."
kltv.com
Ethanol in the news.
WASHINGTON — The price of gasoline could rise this summer because of supply problems from the phaseout of a fuel additive found to contaminate groundwater, government and industry officials said at a Senate hearing Wednesday.
Feds warn that most oil companies have turned to ethanol as a gas additive, and there isn't enough now.
March 30, 2006: 8:02 AM EST
NEW YORK (CNNMoney.com) - A shortage of ethanol could drive gasoline prices up this summer, according to congressional testimony.
Guy Caruso, the administrator of the U.S. Energy Information Administration, told a Senate committee Wednesday that switching to ethanol this summer as the gas additive to comply with environmental regulations could cause shortages and higher prices for many drivers. |
