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    « Convert Kudzu To Biofuel | Home | The Challenges And Opportunities In Increasing Ethanol’s Future Competitiveness And Growth In Europe »

    Ethanol + Floods = More Pain At The Pump

    By Mr Ethanol | June 19, 2008

    Heritage.org:
    Gas prices have already hit $4 a gallon nationally with no relief in sight. Given the flooding in the Midwest and the federal mandate that ethanol must be blended with gasoline before sale to consumers, the pain at the pump could only get worse. The floods could create upward pressure on gas prices in two distinct ways:

    1. As Stephen Schork, editor of The Schork Report in Philadelphia, emphasizes, green-pump.jpg“If we have prolonged rail and barge delays of getting Midwest ethanol to all the coast, then it will have an absolute upward impact on prices right now.”

    2. The flooding caused severe damage to crops in the farm belt: “In Iowa, the country’s top corn-growing state, more than 1.3 million acres of corn and 2 million acres of soybeans have been flooded; in total, about 16 percent of the state’s farmland is submerged.” More.

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    Topics: Ethanol, Negatives, News |

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