Added cost of $215.4 billion = 57 cents per gallon more above gas pump price hmmmmm

[KissMy]

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

 

[Oldstyle]

Think you're being gouged by Big Oil? U.S. troops in Iraq are paying almost as much as Americans back home, despite burning fuel at staggering rates in a war to stabilize a country known for its oil reserves.

Military units pay an average of $3.23 a gallon for gasoline, diesel and jet fuel, some $88 a day per service member in Iraq, according to an Associated Press review and interviews with defense officials. A penny or two increase in the price of fuel can add millions of dollars to U.S. costs.

Critics in Congress are fuming. The U.S., they say, is getting suckered as the cost of the war exceeds half a trillion dollars — $10.3 billion a month, according to the Congressional Research Service.

Some lawmakers say oil-rich allies in the Middle East should be doing more to subsidize fuel costs because of the stake they have in a secure Iraq. Others point to Iraq's own burgeoning surplus as crude oil prices top $100 a barrel.

Baghdad subsidies let Iraqis pay only about $1.36 a gallon.


Military feels fuel-cost gouge in Iraq - Dallas-Mavs.com Forums

Wait a second...I thought the far left mantra was that we went into Iraq to take their oil? Now you complain that they charge us too much for it? Why don't you get your story straight and then come back and try again?