Don't know about you folks, but seems like every time I go down to the store, any product that depends on corn has gone up again! Pork, cheese, milk, beef, and the biggie - Tortillas!Even a country boy like me could see this comin' with this foolishness over corn Ethanol!
Sooo, aside from how much we is payin' for corn related products......
So. How much does the consumer pay for a gallon of corn ethanol? Let’s sum it up.
Here are some numbers from Financial Sense Editorials.....
"Cost For A Gallon Of Corn Ethanol
Corn Ethanol Futures Market quote for January 2007 Delivery $2.49
Add cost of transporting, storing and blending corn ethanol $0.28
Added cost of making gasoline that can be blended with corn ethanol $0.09
Add cost of subsidies paid to blender $0.51
Total Direct Costs per Gallon $3.37
Added cost from waste $0.40
Added cost from damage to infrastructure and user's engine $0.06
Total Indirect Costs per Gallon $0.46
Added cost of lost energy $1.27
Added cost of food (American family of four) $1.79
Total Social Costs $3.06
Total Cost of Corn Ethanol @ 85% Blend $6.89
These numbers are estimates. We can speculate about the real cost of corn ethanol. It may cost more – or less – than $6.89 per gallon. But the real price we pay for corn ethanol is much higher than the one we see at the filling station."
Corn Ethanol Futures Market quote for January 2007 Delivery $2.49
Add cost of transporting, storing and blending corn ethanol $0.28
Added cost of making gasoline that can be blended with corn ethanol $0.09
Add cost of subsidies paid to blender $0.51
Total Direct Costs per Gallon $3.37
Added cost from waste $0.40
Added cost from damage to infrastructure and user's engine $0.06
Total Indirect Costs per Gallon $0.46
Added cost of lost energy $1.27
Added cost of food (American family of four) $1.79
Total Social Costs $3.06
Total Cost of Corn Ethanol @ 85% Blend $6.89
These numbers are estimates. We can speculate about the real cost of corn ethanol. It may cost more – or less – than $6.89 per gallon. But the real price we pay for corn ethanol is much higher than the one we see at the filling station."
Did you know it takes more energy to produce a gallon of corn ethanol than that gallon produces?
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