Fraso, you are correct. I just checked the commodity price for fuel ethanol today and it's at $3.2114/gallon in a 33,000 gallon quantity (approx 1 railroad tank car. Read the volume, wholesale price. Individual prices will be higher).

Currently a gallon of gasoline in my neighborhood is $2.81. Untill ethanol can beat that price (WITHOUT SUBSIDY) by enough that my total fuel expenditure in $ per week doesn't change or goes down, I'm not interested.