“Waste billions more taxpayer dollars on the same failed “green” energy programs.”
“Bad laws are the worst sort of tyranny.” Edmund Burke
Drivers risk $13B gas-price hike as ethanol charge grows
http://fuelfix.com/blog/2013/03/19/drivers-risk-13-billion-gas-price-hike-as-ethanol-charge-grows/
U.S. drivers face a $13 billion increase in the cost of gasoline this year as the price of federally-mandated ethanol credits has risen 10-fold for oil refiners, including Valero Energy Corp. and CVR Energy Inc.
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Refiners buy biofuel credits, known as RINs, which are available as an alternative to actually blending ethanol into gasoline. The cost of those credits has ballooned from 7 cents at the start of the year to more than $1 as the 2013 federal mandate for biofuel exceeds 10 percent of gasoline sales, the maximum that refiners say the market can absorb.