If Congress allows the 45-cent-per-gallon ethanol-blender's tax credit to expire in December, gasoline refiners and marketers will spend more per gallon of ethanol, according to this blog post. In addition, the removal of, or even a reduction in, the 54-cent-per-gallon tariff on foreign ethanol would flood certain areas of the U.S. with Brazilian ethanol and potentially curtail domestic production by more than 25%, the post argues.

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