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Ethanol's impact for us ordsprog

Ethanol's impact for us is significant. About 95 percent of the gasoline we sell is the 10-percent blend. The demand is huge for farmers, too. I'd say it's caused at least a 15-cent rise in the basis levels for corn.

Ethanol's impact for us is significant. About 95 percent of the gasoline we sell is the 10-percent blend, ... The demand is huge for farmers, too. I'd say it's caused at least a 15-cent rise in the basis levels for corn.

Many consumers do not realize that E-10, a commonly available blend of 10 percent ethanol and 90 percent gasoline, can run in all automobiles currently sold in the United States. In fact, all major auto manufacturers that sell cars in the United States have approved ethanol- enriched fuels. Many even explicitly recommend using ethanol for its clean- burning benefits.

Every single automobile on the road today is ethanol-capable. All vehicles can operate on a 10 percent blend of ethanol with gasoline, and Flexible Fuel Vehicles can use E85, an alternative fuel containing 85 percent ethanol.

Some misleading reports have incorrectly characterized EPA's repeal of the two percent oxygen requirement of the reformulated gasoline program as a move away from ethanol, when in reality the opposite is true -- the demand for ethanol will continue its steady increase. Using ethanol in reformulated gasoline was extraordinarily successful in helping reduce harmful tailpipe emissions around the United States.

Ethanol makes up only 10 percent of a gallon of gasoline. If gasoline prices are up 36 cents, then ethanol would only make up 3.6 cents of that. And 85 percent of users have long-term contracts that are significantly below the spot-market prices.

Governments are saying that 5 percent of gasoline must be replaced by ethanol, which is a huge amount. Where is it going to come from?

If you had to replace the ethanol used today with crude oil, there would be at least a 30 percent increase in the cost of gasoline, ... Because ethanol is sold under long term contracts under a fixed price, the ethanol being put into gasoline today is the same price as it was three months ago.

A 50-cent rise in gasoline still represents less than 1 percent of disposable income. So it's roughly about $200 to the average American.

Matthew DiFrisco

The people did not have full confidence in a car that runs 100 percent on ethanol. And in some ways they were right not to have that confidence. So now they have a choice. If you don't like the price of ethanol, put in gasoline. If you don't like the price of gasoline, put in ethanol. If you have any doubts, put in 50-50.

Maurilio Biagi Filho

Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.

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Any car in the United States today can run on a 10 percent [ethanol] blend, and most do.

Farm income will rise because of the increased demand for corn, ... Rural incomes will rise as farm income increases and new jobs will be created by new ethanol plants.

For every gallon of petroleum gasoline you buy, 12 percent of that money stays in Iowa. With E85 (85 percent ethanol), over 65 percent of the money stays in Iowa and is invested over and over. This legislation will mean billions of dollars for the state of Iowa.

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