karl_lembke (karl_lembke) wrote,

One idea for lowering gasoline costs

Monday's Wall Street Journal has an editorial which mentions one step that's been proposed for lowering gasoline prices – reduce or eliminate the tariffs on imported ethanol.
Last year, Congress passed an ethanol mandate which mandates that drivers use 7.5 billion gallons of ethanol annyally by 2012.
That requirement ... is currently increasing the cost of gas, since ethanol is in short supply.
...The U.S. currently levies a tariff of 2.5%, as well as a second duty of 54-cents-a-gallon, on all ethanol. That equals a giant tax that must be factored into already sky-high gas prices, and helps explain why the import market remains tiny.
Tags: politics

  • It's here!

    (sort of) I pre-ordered Secret Voyage by Blackmore's Night a couple of months ago. Now I've downloaded it from the newsgroups. I was curious to see…

  • 395

    Yesterday, I made my monthly pilgrimage to the Red Cross to donate platelets. After several years of doing this, I'm now up to 395 units of platelets…

  • I survived Christmas Vacation

    At the bottom of the section of Interstate 5 known as the Grapevine, I noticed a sign announcing "possible snow" at the summit. I briefly considered…

  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.