Several long-term studies show the impact of increased corn ethanol production has worse environmental consequences in terms of carbon emissions than ordinary gasoline.
As Americans are planning summer travels, the administration of President Joe Biden allowed up to a 15 percent corn ethanol-gasoline mix from June to September.
It represents a victory for the U.S. corn lobby and will also provide some relief from severely inflated gas prices due to Russia’s invasion of Ukraine.
Ethanol contains roughly one-third less energy than gasoline, which means cars will drive up to 5 percent fewer miles on E15 than gasoline alone.
But the director of research and senior policy analyst at Height Capital Markets, Benjamin Salisbury, said E15 averaged about 25 cents per gallon less than E10 in April 2022….