Daily Archives: November 30, 2012
And if you need an example of why you should always rely on government to get it right, well, just consider the latest concerning the mandated use of
food ethanol for fuel:
The AAA says the Environmental Protection Agency and gasoline retailers should halt the sale of E15, a new ethanol blend that could damage millions of vehicles and void car warranties.
AAA, which issued its warning today, says just 12 million of more than 240 million cars, trucks and SUVs now in use have manufacturers’ approval for E15. Flex-fuel vehicles, 2012 and newer General Motors vehicles, 2013 Fords and 2001 and later model Porsches are the exceptions, according to AAA, the nation’s largest motorist group, with 53.5 million members.
“It is clear that millions of Americans are unfamiliar with E15, which means there is a strong possibility that many may improperly fill up using this gasoline and damage their vehicle,” AAA President and CEO Robert Darbelnet tells USA TODAY. “Bringing E15 to the market without adequate safeguards does not responsibly meet the needs of consumers.”
Hey look buddy, the ideological agenda waits on no one and if you’re among those driving the 228 million “other” vehicles, tough nuts.
The government has said 15%. Nuff said.
BMW, Chrysler, Nissan, Toyota and VW said their warranties will not cover fuel-related claims caused by E15. Ford, Honda, Kia, Mercedes-Benz and Volvo said E15 use will void warranties, says Darbelnet, citing potential corrosive damage to fuel lines, gaskets and other engine components.
Gee, I wonder if anyone will question the “fairness” of this.
Anyone doubt who will pick up the tab for this, Mr. and Mrs. Consumer?
The following US economic statistics were announced today:
Personal Income was unchanged in October, while spending fell -0.2%. Both the headline and core the PCE Price Index rose 0.1%. On a year-over-year basis, both income and spending rose 3.1%, while inflation rose 1.7% at the headline level and 1.6% at the core level.
The Chicago Purchasing managers Index is essentially unchanged for November, up 0.1 points to 50.4, indicating barely any growth.