Tuesday, July 9, 2013

Why Gas Prices Are Zooming

Been wondering why gas prices keep going up? I have and especially so since U.S. fuel consumption is down 16% from 2007 and oil prices are falling. The answer: corn, of course!
That's right, corn, as in ethanol has had a price run-up because a drought last year has squeezed corn prices between ethanol producers and food companies. And as columnist Harry Jackson points out, the Iowa Presidential primary is important to the pols, so the result is what we pay at the pump. 

It us way, way, way past time to get rid of this stuff. Corn isn't going to go to waste on the ground. There are a lot of poor people around the world who need American corn to survive and domestic food prices could use a little relief too. If there is a non-mandated demand for ethanol, then corn farmers are free to sell their corn to meet it, but every time government sticks its big fat finger on the scales to favor one group over another, someone gets hurt as is the case right now with gas prices. It's time for government to sit down, shut up, and don't touch anything!

townhall.com/columnists/harryrjacksonjr/2013/07/08/pain-at-the-pump-n1636172

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