Monday, June 9, 2008

Ethanol Mandate Update

More from the files of good intentions and unintended consequences.

Here is the chart for corn since the ethanol blending madate went into effect.


The 2005 energy bill mandated that 4 billion gal­lons of renewable fuel (mostly corn-based ethanol) must be added to the gasoline supply in 2006. That amount rises to 4.7 billion gallons for 2007 and 7.5 billion in 2012. These targets represent a large per­centage increase in ethanol use but are still only a small fraction of the 140 billion gallons of gasoline that the U.S. currently uses every year.

Heritage Foundation

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