Published: January 1, 2012
WASHINGTON A federal tax credit for ethanol expired on Saturday, ending an era in which the federal government provided more than $20 billion in subsidies for use of the product...
...We may be the only industry in U.S. history that voluntarily let a subsidy expire, said Matthew A. Hartwig, a spokesman for the Renewable Fuels Association, a trade group for ethanol producers...
The subsidy expired on Jan 1. The requirement that gas be 10% ethanol remained. The net effect was a rise in gas prices.