This was predicted just a couple days ago:
In addition, domestic demand for ethanol production also shrank as ethanol output for the reporting week ended July 19 fell 23,000 b/d to an 11-week low of 853,000 b/d, Energy Information Administration data showed Wednesday in its latest weekly report.That was at Platts.
At the earlier post:
The Oil & Gas Journal is reporting:The writing is on the wall. Cue up Connie Francis.
The increase for gasoline with a 10% ethanol blend could be as little as 20¢/gal, but only “under somewhat unrealistic and favorable assumptions regarding enormous gains in market penetration and consumer acceptance for E85,” it said. A spike of 50¢-$1/gal is more likely, the July 22 study added.That paragraph can be hard to understand.
It says: the price of gasoline will increase by as little as 20 cents/gallon next year, simply due to the President's mandate to increase the price of gasoline.
However, that 20 cents/gallon is based on wildly optimistic assumption. Most likely the increase, again, according to the experts, the increase in gasoline will be 50 cents/gallon at the pump, and it is very possible gasoline could increase by $1/gallon at the pump simply due to presidential whimsy. Yes, I know it took Congress to pass the legislation but the president advocated for it, and signed the bill. This is not rocket science.