Bipartisan effort forms to repeal biofuels mistake

Facing the chance to exercise bipartisan judiciousness, US lawmakers should remember that the problem with ethanol in vehicle fuel isn’t the substance but rather volumetric requirements for it. Ethanol has value as a gasoline additive. It boosts octane. It adds oxygen. It extends supply. But Congress set mandates for fuel ethanol far in excess of what the market safely and economically can use. It did so under political pressure from agricultural interests. The ethanol mandate has been great for growers and distillers of corn. For anyone else who buys fuel or food, it costs too much. And it will get worse. The statutory requirement for ethanol from grain soon will exceed the gasoline mark...

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