It’s spring, and that means that our gasoline changes and food prices go up.
And it’s all because of ethanol and the corn used to make it.
So does it make sense either economically or environmentally?
The answer to both those questions is apparently no.
It seems that ethanol is one of those rare issues that both left and right can agree on.
Neither side thinks it makes sense…
Summer gas…a 10-15% ethanol blend made from corn.
We all know it’s coming, and in southern cities particularly, it is meant to help clean the air and cut down on gasoline consumption.
Think of it as a cleaner version of hamburger helper.
But it’s not really, and environmentalists know it, too.
And it is now contributing to corn prices that are twice as high as last year despite the fact that this year’s crop is a record.
In short, it’s expensive, results in lower mileage which results in higher gas consumption, makes food more expensive, and corn more scarce.
So why do we still bother? That can be answered with a question.
Where does the Presidential Primary season begin? Iowa.
Next question?