Not to be left out of the price-fixing allegation fun, Nebraska congressman Tom Osborne is asking why there's a $1.20 difference between the wholesale cost of E85 and its current price at the pump. More specifically, he states that the cost difference is "unjustified", citing that 85% of the fuel is sourced from grain and the price should not be directly affected by a jump in oil or gasoline prices. Ah, but the demand for E85 likely jumped with increasing gasoline prices, and from there things probably just followed the standard supply-demand curve. I'd suggest that the congressman brush up on his knowledge of microeconomic theory.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X