Sunday, May 16, 2021

WORLDRETHINK: Twitter tour on May 16, 2021 - Why is the gasoline price increasing now?

 #WR: Why is the gasoline price increasing now? The @WSJ Editorial "The Ethanol Gasoline Tax" says "the raising pump prices are not only for the Colonial Pipeline shutdown." The (RINs) renewable identification numbers  for each gallon of renewable fuel raise linked w/corn prices. 


The Wall Street Journal is against the gasoline taxes related to corn production and it says: "The renewable fuel mandate is a classic example of a policy that benefits a few who pay close attention while dispersing harm across the many. Congress ought to repeal it, but the ethanol lobby owns too many Members."


SOURCES: The Wall Street Journal

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