Autoblog.com posits that the recent increase in gas prices we have been seeing is the result of the fact that Congress let the $0.45-per-gallon ethanol production subsidy to expire at the end of 2011. “[I]ts expiration may have triggered a 4.5-cent increase in cost for gasoline suppliers.”
I confess that I have never been entirely convinced that the ethanol requirement was a particularly good idea, and in fact corn ethanol production isn’t exactly the most environmentally friendly process in the world.
About Richard Romano
Richard Romano is Managing Editor of WhatTheyThink. He curates the Wide Format section on WhatTheyThink.com. He has been writing about the graphic communications industry for more than 25 years. He is the author or coauthor of more than half a dozen books on printing technology and business. His most recent book is “Beyond Paper: An Interactive Guide to Wide-Format and Specialty Printing.