Quote:
Originally Posted by JET
Gas is cheaper than ethanol, so the lower percentage there is in the gas, the more money someone is making.
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No it's not, RBOB gasoline is currently $0.77 more than CBOT ethanol per gallon (as of market-close 5/4/12). This is why blenders are all currently blending at the 10% maximum allowed by the EPA in gasoline. E15 has actually already been approved too, but they're still in the process of rolling that out; expect to start seeing it at some stations in a few select states such as Kansas and maybe Iowa as early as July. I'm sure Minnesota won't be too far behind either...
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