It’s bound to. You reduce the supply of liquid fuels by 10%, how could the price not go up?
It does, however, allow more efficient methods of producing ethanol that does not require corn farming lands be used - such as cellulosic ethanol, which is basically produced from a weed-like plant that’s useless for anything else and can basically be grown in otherwise useless swamp.
Other methods could not compete with corn ethanol as long as corn had a subsidy.
Ethanol remains mandated. But, without the subsidy, it will be more expensive.
Ergo, the price of fuel at the pump will go up.
The consumer is gonna pay -- instead of the taxpayer.
Yes, by about five to seven cents per gallon.
without the subsidies, it makes no sense to make ethanol. what a tremendous boondoggle this has been, and the farmers are going to lose their shirts this year