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what mode of transportation do ewe use? sunshine? or farts?
Ethanol, Bio Diesel & Compressed Natural Gas are great transportation fuels. Ethanol & Bio Diesel can be ran in any of todays vehicles with no conversion. Ethanol & Bio Diesel can be transported to pumped through & sold in any of todays gas stations. Compressed Natural Gas is not readily available at stations & will take many facility modifications in order to make it available, not to mention transport to those facilities.. Your automobile will also need many modifications to run Compressed Natural Gas.
Exempting Ethanol & Bio Diesel from some of the taxes at the pump was the cheapest & best way to reduce our dependence on foreign oil other than drilling for more here at home. The ethanol tax cut reduced the taxes everyone paid at the pump since every gallon of gasoline contained at least 10% ethanol.
Congress sunset the ethanol tax cut at the end of 2011. See the sudden gas price reversal & spike since new years in the chart below. That is a direct result of higher taxes per gallon & falling ethanol competition. Gasoline prices continue to spiral as ethanol production has dropped every since this tax hike on new years day.
Jan. 25 (Bloomberg) -- Ethanol production in the U.S. fell 0.7 percent to 934,000 barrels a day, the lowest level since Nov. 25, according to an Energy Department report.
The third consecutive weekly drop matches the longest such streak since the period ended Sept. 23. Stockpiles climbed 1.4 percent to 19.8 million barrels, the highest level since the week ended May 27, the department said in a report released today in Washington. Inventories have swelled six straight weeks, the longest streak since Jan. 21, 2011.
Wholesale Ethanol Price Chart
Wholesale Gasoline Price Chart
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