Tag Archive | "Ethanol"

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USDA: 2008 Food Inflation Worst in 18 years

USDA: 2008 Food Inflation Worst in 18 years

From Keith Good’s farm policy blog,

“The Bureau of Labor Statistics reported that the Consumer Price Index fell by a seasonally adjusted 0.7 percent in December, its third consecutive monthly decline, after sliding 1.7 percent in November. The so-called core rate, which excludes volatile food and energy costs, was unchanged.

“For all of 2008, consumer prices grew just 0.1 percent while the core rate rose 1.8 percent, the Labor Department reported.”

The Times article added that, “Economists have warned that prices will probably…

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EPA Being Pushed to Allow Higher Blends of Ethanol

One thing about the ethanol sector, … it never stops pushing for more, more, more.

Like right now, the industry is pushing EPA to sign off on higher blends of ethanol into gasoline. Currently the cap is 10 percent.

Why do they want higher blends approved? Simple. Ethanol is more expensive than gasoline right now.

According to the America Coalition for Ethanol, for December 3, 2008, the average rack price - or wholesale price - of ethanol in Nebraska is $1.81 per gallon.…

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