Originally Posted By: TiredTrucker
Yeah, that is what I would like to see. I live is just as much of a "corn belt" state as anyone, Iowa, and currently in my area, E10 is 1.79, E15 is 1.67, and E85 is 1.62 at the pump. We have been using the E15 for several weeks now, as there is no mpg change experienced between it and E10, but it is averaging about 5-10 cents a gallon cheaper.
Corn lobby thing is pretty much irrelevant regarding price. Ethanol is a commodity traded on the Chicago Board as much as any other commodity. Corn lobby might influence how states mandate its use, but they have no say in the traded commodity price of the product itself. Lowest ethanol commodity price in that last 7 days on the commodity exchange is 1.31 a gallon. Friday's close was 1.35 a gallon. Farmers cannot state what the price of corn is on any given day, and ethanol producers cannot state what the price of ethanol is any given day. The market will decide for them.The corn lobby influence is given more credit that it deserves.
It sure begs the question, why would a producer, when the market price for ethanol is $1.35 a gallon, be selling the stuff below that? That is business suicide. A business' goal is to keep costs low and increase profits. If the going rate for me to haul a particular product is $2 a mile, I am sure not going to haul it for $1 a mile.
You must be right, it is business suicide. Yellowhose.com has changed their policy 1/1/15 from $1.00 under the price of regular unleaded to 70 cents. Regular is $1.91 today, and E85 is $1.21.
Check out their website. I'm staying inside where it's warm today!
http://myjhfamilystores.com/StoreHome/Fallasburg
Yeah, that is what I would like to see. I live is just as much of a "corn belt" state as anyone, Iowa, and currently in my area, E10 is 1.79, E15 is 1.67, and E85 is 1.62 at the pump. We have been using the E15 for several weeks now, as there is no mpg change experienced between it and E10, but it is averaging about 5-10 cents a gallon cheaper.
Corn lobby thing is pretty much irrelevant regarding price. Ethanol is a commodity traded on the Chicago Board as much as any other commodity. Corn lobby might influence how states mandate its use, but they have no say in the traded commodity price of the product itself. Lowest ethanol commodity price in that last 7 days on the commodity exchange is 1.31 a gallon. Friday's close was 1.35 a gallon. Farmers cannot state what the price of corn is on any given day, and ethanol producers cannot state what the price of ethanol is any given day. The market will decide for them.The corn lobby influence is given more credit that it deserves.
It sure begs the question, why would a producer, when the market price for ethanol is $1.35 a gallon, be selling the stuff below that? That is business suicide. A business' goal is to keep costs low and increase profits. If the going rate for me to haul a particular product is $2 a mile, I am sure not going to haul it for $1 a mile.
You must be right, it is business suicide. Yellowhose.com has changed their policy 1/1/15 from $1.00 under the price of regular unleaded to 70 cents. Regular is $1.91 today, and E85 is $1.21.
Check out their website. I'm staying inside where it's warm today!
http://myjhfamilystores.com/StoreHome/Fallasburg