Thursday, October 30, 2008

Meijer changes their price spread!

Just as the price spread at Meijer starts to become fair, they go and change it.

It used to be that they charged 50 cents per gallon less for E85 than regular gas.

As of yesterday, the spread was 40 cents.

Regular was $2.51, E85 was $2.11.

That's just sad. But understandable. RFG is going for $1.47 on the NYMEX, ethanol is going for $1.71 on the CBOT. So E85 has lost much of its cost advantage over the last few weeks. If it wasn't for the subsidies, E85 would cost more than regular.

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