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CORN Ethanol Reduces Consumer Gas Prices
 

A 2011 study by researchers at the UW-Madison and Iowa State University found that ethanol reduces the price of gasoline at the pump by 89 cents per gallon nationwide, even when you take into account lower fuel mileage from higher ethanol blends. This fuel-price reduction is even higher in the Midwest - lowering gas prices as much as $1.37 per gallon - where stations are closer to ethanol plants.

Other economists have examined the issue with similar conclusions including the
National Renewable Energy Laboratory, USDA ,US Department of Energy and Merrill Lynch Group.

Today ethanol represents 10% of the nation's gasoline suupply, displacing some 477 million barrels of imported crude oil - that's more than the total amount imported from Saudi Arabia last year. As a result of ethanol and the U.S. Renewable Fuels Standard, U.S. oil import dependence fell below 50% for the first time since 1997.



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C - CORN - CBOT
  High Low Last Chg
Jul 638'2 630'2 635'4s 10'4
Sep 551'0 544'0 546'4s 8'0
Dec 542'0 532'4 537'0s 8'6
Mar 552'0 544'4 546'4s 7'2
May 556'2 556'2 557'0s 9'6
 
S - SOYBEANS - CBOT
  High Low Last Chg
Jul 1437'0 1405'0 1405'0s -33'0
Aug 1381'0s -24'2
Sep 1327'0s -20'4
Nov 1317'0 1289'4 1288'0s -18'4
Jan 1309'0 1294'0 1286'0s -18'0
 
LC - LIVE CATTLE - CME
  High Low Last Chg
Jun 119.600 118.200 119.525s 1.600
Aug 121.950 120.250 121.925s 1.875
Oct 126.625 125.250 126.300s 1.350
Dec 129.000 127.700 128.600s 1.150
Feb 130.250 129.250 130.025s 1.350
 
@C - CORN - CBOT
  High Low Last Chg
Jul 638'4 619'4 635'4s 10'4
Sep 551'6 532'4 546'4s 8'0
Dec 542'4 522'0 537'0s 8'6

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DTN/PF Renewable Fuels
Latest DTN/PF Renewable Fuels News
Friday, May 11, 2012 12:27PM CDT
Brief news items pertaining to ethanol.

Friday, May 18, 2012 11:32AM CDT



News

EPA Approves E15 As Registered Fuel
The Environmental Protection Agency (EPA) has finally taken the official step of approving 15% ethanol blended gasoline (E15) as a registered fuel.  “Registration of ethanol to make E15 is a significant step toward its production, sale, and use in model year 2001 and newer gasoline-fueled cars and light trucks,” EPA stated in a release.

Food Security Gets Biofuel Boost. 
A staff compiled article in Farm Futures Magazine May 24, 2011, discusses a report by the United Nations concluding that growing corn for fuel can bring needed investment in agriculture and transportation infrastructure to developing countries and help alleviate poverty while increasing food security. Read the article here: UN said biofuel brings food security

Consumers Consider Ethanol Green Energy. A survey released during BIO World Congress shows US consumers name ethanol 39% of the time when asked to name a product they consider green.  The study also found that four in 10 American consumers have heard the term 'biobased' to describe various products including fuels such as ethanol and biodiesel as well as cleaning products and personal care products. Read about the survey here at Domesticfuel.com

Ethanol Now Fuels NASCAR NASCAR announced recently that it will race with E15, 15% ethanol fuel, in its three natioanl touring series starting next week. According to NASCAR, Sunoco Green E-15 will be blended at Sunoco's fuel facility in Marcus Hook, Pa., which provides high-performance racing fueld to NASCAR teams at now cost. The American-grown and American-made corn ethanol will come in part from Sunoco's new ethanol plant in Fulton, N.Y., and pumped directly from tankers at the track. Click here for a NASCAR video on ethanol, featuring NCGA Chairman Darrin Ihnen.


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