Report: U.S. House Committee considers 20% reduction in ethanol subsidy
Filed under: Government/Legal , Earnings/Financials Refiners and blenders pocket 45 cents for every gallon of ethanol blended with gasoline. The subsidy, courtesy of the U.S. government, helps the industry stay afloat amidst the dwindling demand for gasoline and increasing costs of ethanol production. It’s been argued that, without the subsidy, the ethanol industry would die a quick death. If a report from BusinessWeek turns out to be true, then the industry might soon be…
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Topics: ehtanolfunding, ehtanol funding, governmentsubsidies