Eric Peters examines the ethanol
ripoff mandate. From Peters at theburningplatform.com:
Most people know they’re paying a lot of taxes every time they buy a gallon of gasoline.
Proportionately, few taxes are more regressive than motor fuels taxes – which currently amount to about 35 percent of the per gallon cost of gas (roughly, 50 cents in federal and state taxes on each gallon, which currently sells for a little over $2).
But there is a another tax on motor fuels which very few people even know exists that also dips deep into their pockets.
It is the federal mandate that each gallon of gas sold contain a certain percentage (currently, 10 percent) of so-called “renewable” fuels. This being chiefly ethanol alcohol, which is made of corn. About 40 percent of all the corn grown in the United States is not used to feed people or animals. It goes toward mandated-by-government ethanol production, which is then force-fed to American drivers every time they fill up.
This corn con is one of the greatest boondoggles in existence – hugely profitable to the companies which make this product no one really wants – but which they government requires them to buy.
Back in the ’80s, many cars achieved 40-plus MPG on the highway – even though they didn’t have the advantages of modern engine technology. But they did have the advantage of 100 percent gas – not 10 percent ethanol-adulterated “gas.”
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