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You mention 50 cents less per gallon than gasoline, but neglect to mention the price per unit of energy.
Oct 03 13:59 pm
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All Comments by PirateP »Now There's An Ethanol Glut?! I Thought We Couldn't Make Enough [View article]
Ethanol has a much lower energy output than gasoline (about 1/3) so it would require 3 gallons of ethanol to go the same distance 1 gallon of gasoline will take you. If you then take the perspective of price per amount of energy, ethanol is almost 3 times as expensive as gasoline.
That's why the oil companies don't want to increase the percentage of ethanol in gas, it decreases the quality of gas and makes it more expensive to make your car go.