date:May 16, 2012
llon was due in part to increased ethanol production compared to more than a decade earlier, as well as a wider than normal price spread between inexpensive ethanol and gasoline.
Hayes told reporters that two other factors accounted for a surprising savings.
First, ethanol has helped increase the fuel supply so much that the U.S. has gone from being a major importer of finished gasoline to being an exporter of both gasoline and ethanol. That means the U.S. now pays a world price for gasoline m