Re: Paid over $4 per gallon for gas - first time today
Glad am not the only one!!! This is history if nothing else. It is starting to hurt more than it did to go to the gas station so find myself driving less and thinking about alternatives more.
Don't know if this is good or bad news and if it is going to make the price of fuel go up or down. While sensitive to gas anything right now read in the Wall Street Journal over the weekend Uncle Sam is moving forward with plans to spend $1.2B over the next five years to upgrade 10,000 stations to mixer fuel pumps at a cost of $120K per station. That is $1,200,000,000. This is being done in accordance with our President's pledge to cut U.S. dependency on foreign oil by one-third by 2025.
In the U.S. today, only about 2,350 fueling stations out of more than 110,000 offer E85 pumps, according to the USDA. More about The Department of Agriculture plan when corn is at its highest price ever is at:
http://online.wsj.com/article/SB10001424052748704503104576251023724394758.html <span style="color: #3333FF">(hope the wsj link works for you, and if it doesn't just Google, "Gas Stations Get Aid to Sell More Ethanol" to read from another source)
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This year, the ethanol industry is expected to consume five billion bushels of corn, almost as much as the 5.2 billion bushels that will be used for livestock feed, according to USDA data.
Congress also provides hefty support for the ethanol industry with a 45-cent-a-gallon subsidy that is paid to gasoline blenders that include ethanol in fuel. And just a few short years ago was able to get premium fuel for under $1 per gallon.
At the same time we didn't give our troops 338 rifles (saying cost too much so upgraded the 300WM plans), military people are not getting reliable pay checks, and heard on the news tonight our president is going to announce further military cuts this week. After the US Government approved the $700B Bank bailout and $787B Stimulus in recent times.
Whatever has been done, bottom line is those who need it are not seeing the trickle down. The established colleges and contractors are benefiting big from huge stimulus amounts distributed. Unfortunately only those with existing reputations capitalize - The money goes in at the top and never makes it to the bottom, average workers in companies who get awards do not see any benefit.
Current policy 'improvements' make the rich richer. While the masses like me, get to suck it up and pay the higher fuel prices no matter how high it goes to be mobile.