I doubt the price of food is rising because of the ethanol situation.
Since a majority of our truck based food distribution network is based
on engines running gasoline/diesel, I would believe that it's more
based on gas prices than making ethanol from corn. If prices were
based on corn usage, we'd see a skyrocket of corn prices. Just from
looking at corn market prices at agweb.com, corn's down since March of
this year, while gas prices rise.
Quoting David Backlin <[log in to unmask]>:
> ----- Original Message -----
> From: Lothar
> To: [log in to unmask]
> Sent: Saturday, May 12, 2007 3:28 PM
> Subject: Re: [CALONTIR] Gas Prices
> for all those that use ethanol, your wasting your money! It takes
> ~20% more ethanol to create the same energy as gasoline, so all said
> and done you lose money. That's not taking into account any damage
> done by using ethanol in a gasoline system.
> I read somewhere recently that the use of ethanol is helping
> contribute to an increase in food prices. All the corn going to
> alcohol instead of food.