Friday, December 31, 2010

E85 price spread is 18%

Stopped at the busy Wexford GetGo station today and got a E25 blend. E85 priced $2.59 while E10 was $3.15. Gasoline continues to move upward at a steady pace. Predictions of $5.00 a gallon in 2012 have recently seen in the news. Will E85 pricing improve with gasoline prices moving upward? Maybe. There is speculation in the market with corn prices above $5.00 bushel. I would think some of the Wall Street trading funds will shift towards oil again with the current trend.

My mpg mileage was 32.8 on the way home from the Wexford station. It was 50F on the way home today as a heat wave has settled in the region. This same heat wave has wrecked nordic skiiing conditions in this region.