Bloomberg.com: News & Commentary:
by doron levine -- 1/23/06
"`So much of our fuel cost is based on events we have no control over,' said Phil Lampert, head of the National Ethanol Vehicle Coalition in Jefferson City, Missouri. `To the extent we can produce more of our own fuel, that's a benefit.'
Lampert has a point. In the past few weeks the stroke that felled Ariel Sharon, Israel's prime minister, and concern over Iran's nuclear policy have sent tremors through world oil markets, sending crude oil prices higher. The price of wholesale gasoline in New York is trading at almost a three-month high.
But without more financial reward for using E85, drivers are more likely to curse bad headlines from abroad, dig deeper in their wallets at the filling station -- and vow to buy a smaller car next time."
Monday, January 23, 2006
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