As oil prices have soared in recent weeks, so have retail gasoline prices. But what about biofuel prices? Why is the cost of crop-based fuel going up just as fast as regular gas?
A thoughtful reader recently asked me about the pricing of E85, a biofuel that contains 85 percent ethanol, which is made from corn, and 15 percent gasoline; and is available locally at various gas stations.
Here’s the reader’s question and an answer from a University of Tennessee expert.
Economy watchers have multiple reasons to be happy today — oil prices fell, the hiring outlook is the best in years and consumer spending is improving.
But the best news of all is that venture capitalists are back in the game. Total VC investments were up 11 percent and the number of deals rose 6 percent in 2010, according to the Dow Jones VentureSource report.
The increase in venture capital investments, while still below pre-recession levels, is a sure sign that people with money are gaining confidence in the economy.
Here are the headlines:
Oil prices fall as Saudis hint at raising supplies
Poll: Hiring plans top layoffs by most in 12 years
Across income scale, Americans cautiously prepare to spend
Rising oil prices during the first half of the year have been very good to Knoxville-based Tengasco Inc.
The oil and gas exploration and production company reported late Friday it swung to a second quarter profit of $700,000, or 1 cent per share, up from a loss of $100,000 in the same period a year ago.