More ethanol use would raise US pump price - Gov't

Newswire

By Tom Doggett WASHINGTON, Feb 19 (Reuters) - A boost in U.S. ethanol-blended gasoline supplies, as called for in stalled energy legislation, would slightly reduce America's oil imports and increase retail pump prices, a government agency said on Thursday. Farm-state lawmakers are pushing for more ethanol production, made mostly from corn, because they say it will help diversify domestic petroleum supplies and make America less dependent on foreign oil. But a new analysis by the U.S. ...

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