Gas prices putting a pinch in your wallet again this summer? Well, let Herman Cain explain why it’s happening. See, the government mandates that 15% of the gas in your tank be something called ethanol. This raises the prices of fuel because ethanol is actually less energy-efficient, so your car burns more of it. The more fuel people need to buy, the more the price goes up. Another example of how our government is ignorant of basic economics.
- EPA giving more handouts to ethanol makers (rare.us)
- Ethanol Still a Boondoggle (blogs.the-american-interest.com)
- Biodiesel can solve the ethanol debate, supporters say (fuelfix.com)