Posted 5/9/2008 13:14 (#374523 - in reply to #374516) Subject: Re: USDA lowered national yield to 151.1
Ray
Look at the numbers and the graphs in that Card report and tell me they didn't pull their conclusions right out of their ass. I don't think they can support their assertions.
Refiners margins have been steadily dropping since the early 90's while ethanol has only been a major player since about 2001. What's been going up since the early 90's? Imported gasoline.