Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:25 PM

GasBuddy News Article

47
votes
Ethanol makers idle plants amid high corn prices Ethanol makers cut back production,

AP -- WICHITA, Kan. (AP) -- Ethanol makers are cutting production, and some are temporarily idling plants in the Midwest, as corn prices skyrocket and demand for gasoline falls because people are driving less.

More than 95 percent of the nation's ethanol plants use corn starch as their basis for the biofuel. That makes these facilities especially vulnerable to high corn prices in a commodity market nervous about triple-digit temperatures and drought in major corn-growing regions. Most of the more than 200 ethanol plants in the United States are in the Midwest, where most corn is grown.

A glut of the biofuel is squeezing ethanol makers further. The poor economy and high gas prices have people driving less, and ethanol is primarily used in gasoline blends.



Read the Full Article

Submitted Jun 30, 2012 By: mastermariner
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Ethanol makers idle plants amid high corn prices Ethanol makers cut back production, Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Jul 2, 2012 6:40:36 AM

would be nice if they'd be cutting EtOH out of the fuel altogether. Yea, pipe dream, but still...
tomok
Champion Author Portland

Posts:46,310
Points:3,127,760
Joined:Aug 2006
Message Posted: Jul 1, 2012 7:02:22 AM

People may be driving much less with Barry's (aka – vampire/ghost hunter) crappy, lousy, lack of adequate jobs economy, either they are driving higher MPG vehicles OR driving more EV's and Inbreds. But, less gasoline is being consumed and less ethanol is needed for the federally required gasoline mix. No Fuel from Food!
The weather has an affect on the amount of corn grown. The higher the temperature and lack of rain, the less corn there will be and the higher the price for corn. Higher priced corn is also from the ethanol producers driving up the price of corn with their demand. Not as much ethanol is produced, this can be a good thing!
Produce more alternative fuels from plants, WVO (waste vegetable oil), the bio mass or the waste stream (bio diesel). Renewable energy from Solar, Wind, Hydro.,Thermal, Tidal and Nuclear for EV's and plug in Inbreds.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
remay
Champion Author Houston

Posts:10,006
Points:2,888,365
Joined:May 2006
Message Posted: Jul 1, 2012 6:43:48 AM

How ironic... shouldn't this be telling us something?
DrCashFlow
Champion Author Massachusetts

Posts:10,197
Points:2,387,460
Joined:Jun 2008
Message Posted: Jul 1, 2012 6:13:28 AM

Mandate ethanol out of gasoline
jetlagAK
Champion Author Anchorage

Posts:2,524
Points:723,430
Joined:Jan 2010
Message Posted: Jun 30, 2012 11:25:38 PM

Another scam and waste of taxes.
Anyone else 2012!
NorthglennBill
Champion Author Denver

Posts:10,556
Points:2,235,950
Joined:Oct 2008
Message Posted: Jun 30, 2012 11:22:41 PM

Be nice if they would shut down all the ethanol making plants and stop putting it in our gasoline.
jimedB
Champion Author Riverside

Posts:3,565
Points:304,015
Joined:Jun 2012
Message Posted: Jun 30, 2012 11:07:21 PM

Great. So now not only have they driven the cost of corn up by using it to make ethanol to water down our gas but by shuting down production they will also drive up the price of the ethanol too. Before they started adding this stuff to our gas I got 44+MPG highway and now with their "Clean" addatives I am lucky to get 32 to 35MPG. Seens to me this is just a way to get us to buy more gas so they can generate more tax revenue without having to raise the tax.
cupboy
Champion Author Salt Lake City

Posts:4,569
Points:1,824,975
Joined:Nov 2005
Message Posted: Jun 30, 2012 11:01:43 PM

Where can I get more info on this?: the tax that has recently been placed on E-free gasoline
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,515
Joined:Jun 2006
Message Posted: Jun 30, 2012 11:01:16 PM

Good, I would like them to stop production of ethanol. jrsva has it exactly right!
DEG
Champion Author Las Vegas

Posts:20,756
Points:4,247,380
Joined:Jul 2003
Message Posted: Jun 30, 2012 11:01:08 PM

The requirement for ethanol in fuel should be ended!!! Corn is better for food or livestock feed.
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,895
Joined:May 2009
Message Posted: Jun 30, 2012 11:00:02 PM

cool
grandamgt1
Champion Author Illinois

Posts:5,605
Points:2,005,980
Joined:Apr 2008
Message Posted: Jun 30, 2012 10:59:31 PM

id rather have 'plain' gas anyway. too bad this just means the price of blended gas will no doubt go up.
n3tbc
Veteran Author Wilmington

Posts:355
Points:423,825
Joined:Sep 2011
Message Posted: Jun 30, 2012 10:59:27 PM

Ok
jrsva
Champion Author Virginia

Posts:13,360
Points:2,395,025
Joined:Jan 2006
Message Posted: Jun 30, 2012 10:56:20 PM

Right idea, wrong reason. They should be stopping ethanol production because ethanol is a junk fuel used to contaminate good gasoline. Congress must repeal the regulations requiring the blending of ethanol with gasoline and also repeal the tax that has recently been placed on E-free gasoline. This tax causes those fortunate enough to have E0 available to pay 20-30¢ more per gallon, an unnecessary and artificially inflated price.

MahopacJack
Champion Author New York

Posts:9,912
Points:1,919,655
Joined:Feb 2008
Message Posted: Jun 30, 2012 10:55:53 PM

And the high corn prices were the result of...... ?
dabbadu
Champion Author New York

Posts:1,056
Points:1,252,855
Joined:Feb 2011
Message Posted: Jun 30, 2012 10:55:36 PM

High time.
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Jun 30, 2012 10:55:01 PM

Ha Ha. I hope the ethanol producers go broke.
pgerassi
Champion Author Milwaukee

Posts:14,166
Points:2,910,540
Joined:Apr 2007
Message Posted: Jun 30, 2012 10:54:57 PM

Success breeds some problems. Once the heat wave is over, prices will drop and plants can restart.
tidalwave3
Champion Author Tallahassee

Posts:2,780
Points:2,189,395
Joined:Jun 2008
Message Posted: Jun 30, 2012 10:53:49 PM

Make popcorn not ethanol :)
GLCSHADOW
Champion Author Oregon

Posts:1,706
Points:2,293,635
Joined:Dec 2005
Message Posted: Jun 30, 2012 10:52:52 PM

Dump ethanol. Bad idea and getting worse as time goes by.
69Bonne
Champion Author Gary

Posts:3,498
Points:1,069,590
Joined:Sep 2005
Message Posted: Jun 30, 2012 10:52:41 PM

Whey do we need it anyway? Just to support corn? Remember when more corn was being used for Ethanol, jacking up demand, and higher food prices.
Taurus1
Champion Author Ohio

Posts:5,747
Points:2,328,580
Joined:Apr 2006
Message Posted: Jun 30, 2012 10:52:40 PM

corn prices go up & less gas purchased.....hummmmmmmm.
mstearno
Champion Author Dayton

Posts:9,689
Points:2,359,560
Joined:Jan 2008
Message Posted: Jun 30, 2012 10:47:42 PM

no food for fuel
gumbyrex
Champion Author Fresno

Posts:6,532
Points:1,539,130
Joined:Mar 2011
Message Posted: Jun 30, 2012 10:45:10 PM

Definitely a step in the right direction. Keep the plants idle forever.
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jun 30, 2012 10:44:32 PM

Ethanol was a transitional fuel.
TheHermit
Champion Author Maine

Posts:3,452
Points:275,915
Joined:May 2012
Message Posted: Jun 30, 2012 10:40:24 PM

I agree with the Darkknight
csblesson
Champion Author Texas

Posts:3,720
Points:1,066,195
Joined:May 2012
Message Posted: Jun 30, 2012 10:40:23 PM

Ok, USA will grow, brazil will starve
clermont40miles
Champion Author Cincinnati

Posts:14,691
Points:2,548,500
Joined:Apr 2008
Message Posted: Jun 30, 2012 10:40:07 PM

Ethanol is a losing proposition.

Subsidies are gone so profit - at expense of US taxpayers - is also gone.
serrog
Champion Author Nova Scotia

Posts:8,817
Points:2,290,690
Joined:Oct 2008
Message Posted: Jun 30, 2012 10:39:05 PM

Good news
jlisk1970_us
Champion Author St. Louis

Posts:1,163
Points:308,765
Joined:Feb 2012
Message Posted: Jun 30, 2012 10:37:27 PM

always something.
us4usa
Champion Author Missouri

Posts:7,163
Points:1,564,050
Joined:May 2008
Message Posted: Jun 30, 2012 10:36:38 PM

Not good when chops are over $14 for #100...
JimL1
Champion Author Phoenix

Posts:11,187
Points:1,921,170
Joined:Jul 2003
Message Posted: Jun 30, 2012 10:34:55 PM

Now if the Republican congress would just repeal the law requiring ethanol in gasoline instead of Whining about ObamaCare.
darkknight1
Champion Author Winston-Salem

Posts:7,550
Points:1,676,160
Joined:Nov 2010
Message Posted: Jun 30, 2012 10:32:53 PM

Wish they'd do away with all ethanol in gas
AKmailman
Champion Author Alaska

Posts:8,914
Points:2,334,545
Joined:Jul 2004
Message Posted: Jun 30, 2012 10:29:56 PM

old news, anyway, corn is for eating not for fuel
MRHONEST
Champion Author Illinois

Posts:2,841
Points:2,337,765
Joined:May 2007
Message Posted: Jun 30, 2012 10:29:55 PM

SO!
IrishCowboy
Champion Author Fort Wayne

Posts:1,441
Points:729,030
Joined:Jan 2011
Message Posted: Jun 30, 2012 10:29:53 PM

It's too bad they're only doing it because the corn prices are high. They should be cutting back production because it's a stupid idea to burn our food for fuel.
ace12012
Champion Author Phoenix

Posts:3,812
Points:789,540
Joined:Apr 2012
Message Posted: Jun 30, 2012 10:29:37 PM

hope ethanol gas goes away.
big_mac64
Champion Author Tennessee

Posts:11,258
Points:1,690,765
Joined:May 2005
Message Posted: Jun 30, 2012 10:26:59 PM

I read this same story by the same source yesterday....
KhelbenArunson
Champion Author Michigan

Posts:7,514
Points:1,474,310
Joined:Apr 2008
Message Posted: Jun 30, 2012 10:24:46 PM

Well perhaps they should make it more cost effective? or come up with a cheap alternative fuel.
Wildman14
Champion Author Virginia

Posts:5,869
Points:1,268,430
Joined:Jul 2008
Message Posted: Jun 30, 2012 10:23:50 PM

Shouldn't have been using corn to begin with.
carloco75
Champion Author Richmond

Posts:6,904
Points:1,353,210
Joined:Oct 2010
Message Posted: Jun 30, 2012 10:19:12 PM

Thank goodness this garbage isn't in Diesel...
hank1326
Champion Author Los Angeles

Posts:11,254
Points:2,455,185
Joined:Jun 2008
Message Posted: Jun 30, 2012 10:18:07 PM

NO MORE ETHANOL PLEASE!! Time for more cost efficient domestic energy options.
Feud
Champion Author Ontario

Posts:5,396
Points:967,465
Joined:Feb 2007
Message Posted: Jun 30, 2012 10:17:25 PM

Yup.
BigDenOH
Champion Author Cincinnati

Posts:4,180
Points:1,005,600
Joined:May 2011
Message Posted: Jun 30, 2012 10:12:44 PM

Wow
mgune9
All-Star Author Dallas

Posts:914
Points:200,395
Joined:Feb 2012
Message Posted: Jun 30, 2012 10:12:15 PM

get rid of ethanol and EPA
gavinON
All-Star Author Toronto

Posts:562
Points:112,935
Joined:Mar 2012
Message Posted: Jun 30, 2012 10:12:05 PM

hmmm
sillywagon
Champion Author New York

Posts:20,731
Points:2,223,370
Joined:Oct 2008
Message Posted: Jun 30, 2012 10:09:28 PM

Good news! The more idle corn ethanol plants... the better.
Number43
Champion Author Lexington

Posts:12,080
Points:2,420,365
Joined:Oct 2008
Message Posted: Jun 30, 2012 10:09:12 PM

Corn is people food. Use natural gas not corn to fuel cars.
Number43
Champion Author Lexington

Posts:12,080
Points:2,420,365
Joined:Oct 2008
Message Posted: Jun 30, 2012 10:07:37 PM

They are the ones who have caused the high prices.
nigelb
Champion Author Virginia

Posts:11,628
Points:2,154,500
Joined:Feb 2008
Message Posted: Jun 30, 2012 10:07:30 PM

No one should be surprised that ethanol makers are controlling the supply and price by controlling production!
GRUMPY55
Champion Author California

Posts:3,149
Points:1,074,150
Joined:Oct 2011
Message Posted: Jun 30, 2012 10:00:38 PM

ok
Post a reply Back to Topics