View Single Post
  #5  
Old 05-23-2006, 11:38 AM
76supercab2's Avatar
76supercab2
76supercab2 is offline
Postmaster
Join Date: Feb 2003
Posts: 4,043
Likes: 0
Received 3 Likes on 2 Posts
Price it out yet?

Chicago Board of Trade has Ethanol futures at $3.22 a gallon today. That's for a 29,000 gallon (1 rail car) contract. That's the wholesale, big volume, discount price. Any smaller quantity purchased from a reseller will be higher. How much do you want?

In comparison, gasoline futures on the NYMEX are trading at $2.11 a gallon for a 42,000 gallon contract. Again, volume discount price, before road taxes are added.

I'm thinking I still preferr that 'expensive' gasoline. I'm really starting to believe that the US public is being sold a huge bill of goods in this energy conversion hysteria.