The plunge in fuel prices shows ethanol is less necessary, for fuel.
End the mandate and end the CAFE standards while we're at it.
The plunge in fuel prices will bring down the cost of producing ethanol, and the market for it will increase, as a consequence of people driving more miles or driving vehicles with less fuel efficiency.
Getting rid of CAFE? For what reason? It has never been an impediment to manufacturing or buying gas guzzlers. There’s been a bit of a recent stampede around Grand Rapids, maybe elsewhere, to buy gas guzzlers. It’s similar to what went on in the Clinton years, when big SUVs and Hummers were fairly common. When the price rises into the $3 and $4 range (in a year, or two, or five) they’ll be back up on blocks.