Several events happened on the way to the glorious future of biofuels.
First, there has been a failure to develop cellulosic ethanol, i.e., ethanol made from non-food sources such as corn stover and switchgrass.
Next, the United States is using less gasoline, which reduces the assumed need for ethanol.
And, there has been a drought in 2012, which reduced the size of the corn crop, with corn being the primary feedstock for ethanol in the United States. The corn crop in 2012 was only 10.7 billion bushels, compared with around 12.4 billion in 2010 and 2011.
In tandem with these events, the number of gasoline stations offering E85 remains insignificant, while the number of E85 Flex Fuel vehicles is, and will continue to be, a small percentage of the automotive fleet. There are only 2,900 stations offering E85 out of some 157,000 gasoline stations in the United States, while only…
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