Now is a good time to be selling fuel efficient vehicles ethanol credits could push increased gasoline prices and car shoppers would be looking for a solution.
Its coming from ethanol credits that are shooting up in price this year and have become a very attractive Wall Street investor market for JP Morgan and other financial institutions making big profits from the credits.
For oil companies and refiners, those prices have hit hard and they say the cost has to be passed on to consumers through gasoline station pump prices.
Lately its become a battle ground for oil producers and automakers versus the US Environmental Protection Agency and ethanol producers over whether gasoline should go up from 10% ethanol blend (E10) to E15.
Read more about the battle going and what it could mean for gasoline pricesThe Article Gas Prices Expected to be Pushed Up by Ethanol Credits appeared first on Automotive Digest.