I searched high and low for this one. Fox had reported this earlier, but try and find info on it. 15% Ethanol will destroy present day engines. Food prices are skyrocketing, so we burn our food supply. The world goes hungry, Are we nuts? It only cost about $120,000 per pump. Thanks Hayward, nice read H/T:
What a way to start the day. I sit down with a nice cup of coffee and this gem pops out from the WSJ….Grants and subsidized loans to install new gas pumps so we can sell gasoline that has even more ethanol (E-85) which everyone, but the ethanol lobby, believes is bad policy…How was this NOT low hanging budget fruit subject to cutting in the budget battle that went deep into the night?
The Secretary of Agriculture declined to say how much the program would cost because he did not know how many station owners (or oil companies) would take advantage of the program…Fair enough, I get that. But a better question for him from would have been how much has been budgeted for such a program. THAT he should know. Wish the reporter had asked that. OR better yet, a budget-cutting ELECTED official…Just sayin’…
“””The Department of Agriculture will soon be helping gasoline stations install new pumps that can dispense fuel with higher ethanol content, USDA Secretary Tom Vilsack said.
The USDA will soon offer grants and loan guarantees for the installation of costly new “blender pumps” so drivers can purchase fuel with a higher ratio of corn-based ethanol.
Most gasoline sold in the U.S. is 10% ethanol, but a growing fleet of flexible-fuel vehicles can run on an 85%-ethanol blend, or E85. However, there are fewer pumps available to dispense it, Mr. Vilsack said.
In the U.S., only about 2,350 fueling stations out of more than 110,000 offer E85 pumps, according to the USDA.
Rest of the story here HaywardEconBlog