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Corn Ethanol has destroyed Crack margins and the earnings of the refiners. It is a substitute for Gasoline not an additive to reduce emmisions.
Jul 11 09:27 am
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All Comments by NOWHEREMAN »Yes, U.S. Gas Use Dropped; But So Did Production [View article]
In trying to assess Corn ethanols costs, one has to include that an estimated 75% of the cost increases on all of the Grains can be added to the fuel saved by using corn for fuel.
Personally I believe the single biggest inflation cost outside of Oil can be laid on Corn Ethanol's doorstep.
Add that to all of your equations.