I recorded a 7% decrease in fuel economy on a recent trip as a result of the new gas formula. The new gas has fewer BTU’s per gallon.
aj54
1 year ago
The acreage being set aside for ethanol type corn should be used for edible corn instead, given the crop emergencies around the world. Ethanol
is destructive to gasoline engines anyway. People have reduced their miles driven since 2019.
AWC
1 year ago
Election season. Must appease the Farm Lobby.
Carl_R
1 year ago
Let me see if I have this right. We are facing higher prices for fuel, shortages of fertilizer, and a worldwide food shortage. One policy alone can’t deal with all this, so how about this package?:
1. Institute a domestic excess tax (but call it “windfall profits tax”) to raise oil prices and discourage domestic production. This has the added benefit of boosting profits for foreign producers while weakening domestic oil companies
2. Reduce leases of land for drilling so as to keep production low and costs high
3. Limit fracking, also to reduce production and raise costs
4. Increase the use of ethanol for fuel, which uses more energy to grow the corn and convert to ethanol than than you get out of it
5. Redirect scarce fertilizer for use in growing corn, probably the more fertilizer intensive crop around
6. Devote increased acreage to corn, reducing the amount available to grow crops that are consumed
Lisa_Hooker
1 year ago
After much thought I have decided that the ethanol must first be stored in charred oak barrels for at least 4 years. Preferably in Tennessee or Kentucky.
Their pistons can handle it, forged vs cast like in a production car.
Cocoa
1 year ago
With fuel costs and deliberately sabotaging the existing fleet of gas cars, Biden thinks this will help everyone decide to get a Tesla for 50k. However, as usual, using his impaired logic all this does is ruin the middle and lower classes. He goes to the beach while your summer vacation is ruined. Democratic Party needs to be banned off the face of the earth
the destruction of the middle class is a goal of the Great Reset
Elevatorman
1 year ago
Higher ethanol also wrecks small engines like lawn mowers and generators. It’s going to be difficult to purchase gasoline that is not contaminated with ethanol.
you will have to check around, but most states have a place where you can look up the closest place to buy gas without ethanol. Boats can’t use it, so if there is a lake near you, there will be the right gas too.
Fish1
1 year ago
Ramp up our electric grid, more solar tax credits, re-visit modern nuclear energy production. E-cars are superior. Go rent one for a few days. Alternatively, grovel at the feet of Exon, Middle East despots, Putin et. al. Dare I mention environmental benefits? Ok, back to the hand wringing over fuel prices.
Lisa_Hooker
1 year ago
“The Biden administration on Friday retroactively reduced the amount of
ethanol that must be blended into gasoline for 2020 and 2021 but raised
the level for 2022, saying the changes are aimed at helping boost
domestic fuel supplies.”
Brings new meaning to political policies established in 1984 – Orwell’s 1984.
wmjack50
1 year ago
Our only hope is to throw the Democrats out of Congress–they are just stupid with no concept of the real world and making a living
ohno
1 year ago
Do you think the greens push for electric, and its investors, are behind this? I Just seen an interesting video of PIlot J’s ceo saying he was told to reduce diesel shipments by 20% and that originally he was told 50% but wouldn’t do it. I haven’t really looked into it all but it wouldn’t surprise me.
So I dont know if he was told to reduce shipments to raise prices or if it was because there’s a shortage and they’re trying to keep from running out and people are just assuming it’s a conspiracy to raise prices.
With no oversight and enforcement of collusion and price fixing, corporations are free to gouge and claim supply chain issues(or dumber, Putin’s War.) Every department in government is managed and controlled by the corporations they are supposed to oversee. Enslavement and fleecing everyone
Yes, that’s part of the reason IMHO. Big Tech wants people sitting at home playing with their phones & PCs. However it does go deeper than that, as this also plays well into the anti-human agenda, forcing us to use food for fuel, while simultaneously currying favor with the Iowa Caucus (who are first in the nation & thus have a large say in the presidential candidates).
TexasTim65
1 year ago
They can make E15 but I wonder if anyone will sell or buy it since most people know it doesn’t produce as much energy as gas and it’s worse for your car?
Living in Florida it’s easy to buy Ethanol free gas because it’s needed for boats and Florida has a lot of boats. I shop at stations that sell it.
Ethanol is a loser and the sooner we stop making it the better. The water requirements alone for corn are off the charts and we drain the aquifers at alarming rates to grow corn. I suppose in a decade or 2 max it will end on it’s own when the aquifers mostly dry up.
“‘Ethanol is a loser and the sooner we stop making it the better. The water requirements alone for corn are off the charts and we drain the aquifers at alarming rates to grow corn.”
This statement is true for pretty much everything humans do on earth. The planet is being trashed at unprecedented levels but nobody cares because everyone’s gotta make a livin.
To eliminate the alcohol just add an equal part of water to the tank and mix. The water and alcohol will bond and sit at the bottom of the tank. Open valve to drain 100 proof into another container.
PreCambrian
1 year ago
This will really help bring down global food prices and reduce famine potential.
RonJ
1 year ago
“In Iowa on Tuesday, Mr. Biden announced an environmental waiver to allow sales of 15% ethanol gasoline blends…”
Throwing the environment under the bus, for votes.
RonJ
1 year ago
Zero Hedge notes that LNG charter rates are soaring. Another added cost for fuel in Europe.
This ethanol in gas was George Bush’s idiot idea, and you can’t win the Iowa primaries without it now.
tbergerson
1 year ago
FFS.
Nowhere is it mentioned that ethanol is cheaper BECAUSE it only has
about 65-70% of the energy of Gasoline. So yeah cheaper, but you get
fewer MILES per gallon. In fact this will make it HARDER for car
manufacturers to meet MPG mandates.
Add to that that ethanol bonds MUCH more than gasoline to water
molecules which then damage your ewngine and other parts. So it reduces
the LIFE of your car. Meaning the PER MILE costs of operating a
vehicle are HIGHER, not lower.
Biden and Warmists are just plain stupid AND evil.
They’re just trying to buy corn farmer votes, same as it ever was.
PapaDave
1 year ago
15% ethanol is a terrible idea, but I expect it to be mostly noise about appearing to “do something” politically about high gas prices with little eventual actual impact.
Of course, gas prices are a function of supply and demand.
The best way to reduce gas prices is to build new refineries to expand capacity to produce more gasoline. Because we no longer produce enough gas to meet demand in the US.
Most remaining US refineries were built in the 70s and are slowly being phased out as they reach the end of their useful lives. Refining capacity has dropped 10% in the last few years as at least 5 refineries were permanently closed.
And oil companies have no desire to spend billions on new refineries that take 10 years to permit and build, and 30 years to get the return on your investment. Particularly since oil demand will finally start to drop by around 2030.
So the US will have to keep importing gasoline from Asia until prices go so high that demand destruction kicks in.
Just sold off my exxon stock. Bought it as $56 and sold at $99. “Be fearful when others are greedy and greedy when others are fearful” and 76% return is greed enough.
Don’t worry, I still own other O&G stocks but I needed to take some money off the table.
Not worried. Whether people invest in the oil scenario or not is up to them. Clearly, you have taken advantage of the opportunity, unlike so many here who have been saying demand destruction will send oil back down to $40. The only problem is that they have been saying that at $50 oil, $60, $80, $100 and $120!
Just suggesting that oil stocks still have a long way to go based on current valuations. I also buy and sell almost every day to take advantage of the volatility. But my core position stays put until I see inventories rising consistently. They have been falling for two years and show no sign of turning around.
I just hold and trade stocks. Particularly ones that are undervalued based on their tremendous cash flows. Even better when they commit to returning 100% of FCF to investors.
Ethanol makes a crummy fuel — it has much lower energy content than gasoline, so you have to buy more of it and you can’t drive as far on a tank. However, the good news is that Democrats still care what people in Iowa think of them. If they didn’t care that would mean the globalists had already taken complete control of the elections, and we would all be their slaves (which is their ultimate goal).
Other good news is that you can still buy pure gasoline from Buc-ee’s.
Felix_Mish
1 year ago
“When it comes to inflation, can this administration do anything right?“
And, what makes us think this administration wants to avoid inflation? That would be absurd. Much of their constituents’ income is on an exponential (AKA a progressive income tax) curve. Much of the rest of their constituents’ income (AKA printing money, AKA debt) is inherently sheltered from inflation. And the rest is a flat tax (AKA FICA, etc) that mostly affects the little people who, as the joke goes, read the menu from right to left.
But to be fair, the opposition, when they get in the driver’s seat, will do what???
I sure agree with that. The administration has no desire to see inflation drop or gas prices go down. They are intentionally destroying the economy to Build Back Better – in line with the WEF and the great reset.
In the end, us, the little people, “will own nothing, but be happy” with the scraps that we are given.
When their plan is complete, they will unleash the robots to steal your magic pilows!
Call_Me
1 year ago
““These exemptions have never been justified and were simply being used
to illegally undermine the RFS. We are grateful this long nightmare is
over.””
I’m sure Mr. Shaw and his employer are grateful to sell more of their product. Corn ethanol isn’t good for the land, water, or air, but it certainly benefits those in the business of selling it.
It’s amusing that the so-called Renewable Fuel Standard (RFS) even covers corn ethanol, when there is nothing renewable about the way the U.S. produces its corn. Yet another oxymoron to add to the list of regulations that do the opposite of what they are titled.
…Unless you’re using ethanol for racing “top fuel” dragsters, or using it to cook vegetables, then it’s good fuel.
I was referring to fuel for driving our beloved automobiles ;-). Note also that this will increase the cost of diesel & Jet fuel (kerosene) because the same amount of crude oil has to be processed for a given amount of each type of fuel (called the crack spread).
Ramp up our electric grid, more solar tax credits, re-visit modern nuclear energy production. E-cars are superior. Go rent one for a few days. Alternatively, grovel at the feet of Exon, Middle East despots, Putin et. al. Dare I mention environmental benefits? Ok, back to the hand wringing over fuel prices.
ethanol that must be blended into gasoline for 2020 and 2021 but raised
the level for 2022, saying the changes are aimed at helping boost
domestic fuel supplies.”
FFS.
Nowhere is it mentioned that ethanol is cheaper BECAUSE it only has
about 65-70% of the energy of Gasoline. So yeah cheaper, but you get
fewer MILES per gallon. In fact this will make it HARDER for car
manufacturers to meet MPG mandates.
Add to that that ethanol bonds MUCH more than gasoline to water
molecules which then damage your ewngine and other parts. So it reduces
the LIFE of your car. Meaning the PER MILE costs of operating a
vehicle are HIGHER, not lower.
Biden and Warmists are just plain stupid AND evil.
Never ascribe to malice that which can be explained by incompetence.
And here we have it, the winner of this week’s Golden Kookie Award! Jingoistic kookery is top shelf. All you were missing was the rhyme.
to illegally undermine the RFS. We are grateful this long nightmare is
over.””