Ethanol Has Its Place, but Not in Gasolineby
U.S. oil production has reached a 20-year high and, since March 2012, demand for gasoline has fallen almost 5 percent. So why have prices at the pump jumped? From mid-December through the end of February they rose almost 20 percent, though they have declined a bit in recent weeks. Some of the blame for the increase goes to the federal mandate on ethanol use in the U.S. fuel supply.
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