The ongoing battle between opponents and advocates over how much corn-oil to add to American gas tanks leads more toward a war of words than an actual solution.
Get the latest on the 2007 ethanol mandate.
Opponents say mandates to increase the amount of the renewable fuel in the nation’s gasoline supply could add billions of dollars to American drivers’ fuel bills. And congressional leaders plan to take a second look at a 2007 law that mandates ethanol.
Under the 2007 law, the nation is increasing ethanol use in vehicles to 15.2 billion gallons this year, up from 5 billion gallons in 2007. By 2022, the U.S. must use 36 billion gallons of biofuels, with 21 billion gallons of that from advanced cellulosic ethanol made from sources other than corn.
The American Petroleum Institute, which is the oil industry’s lobbying arm, says the rising mandates by 2015 could boost the price of diesel fuel 300 percent and hike gas prices 30 percent. It says the current jump in prices for ethanol credits could add 10 cents to the price of a gallon of E10 (which is 10 percent ethanol) at the pump.