OK, a whole lot of taxpayer (actually China borrowed) money was blown on useless green schemes...
and this does WHAT to the cost of gasoline, which kept on running, for all practical purposes, exactly the same fleet of cars it had?
This says refinery issues to me, and a problem that is so bad that no refinery wants to break ranks and sell cheaper.
If my anecdotal evidence means anything, we can reduce demand approximately 10% and save a lot of corn costs by taking the corn out of our cars and putting it back on our tables.
Imagine that a million miles of driving my vehicle (if only!) takes around 45,000 gallons of gasoline.
That same million miles takes about 50,000 gallons of gas, plus about 5,000 gallons of corn liquor, when my gasoline is diluted with vegetable matter.
We would rid the air of that many gallons of pollutants, too, if you are ecologically minded.
Stupid, for everyone but people who get a feel good from burning a renewable resource regardless of the actual outcome, and for big oil and OPEC, which enjoy the price uptick from the artificially increased demand.