The Burning Platform produces here another of its comprehensively documented blog posts. It asks, "How many Senators does it take to screw a taxpayer?" It is referring to the costs of government-mandated ethanol. Here is how the cartoonist arrived at the above-six dollars per gallon of gasoline cost of Ethanol.
Real Cost For A Gallon Of Corn Ethanol
Corn Ethanol Futures Market quote for January 2011 Delivery $2.46
Add cost of transporting, storing and blending corn ethanol $0.28
Added cost of making gasoline that can be blended with corn ethanol $0.09
Add cost of subsidies paid to blender $0.45
Total Direct Costs per Gallon $3.28
Added cost from waste $0.40
Added cost from damage to infrastructure and user’s engine $0.06
Total Indirect Costs per Gallon $0.46
Added cost of lost energy $1.27
Added cost of food (American family of four) $1.79
Total Social Costs $3.06
Total Cost of Corn Ethanol @ 85% Blend $6.80
None of these figures take into account the effect on the world's poor of the high cost of corn.
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