Shocking Truth About America's Ethanol Law: It Doesn't Matter (For Now)
Gasoline refiners would blend ethanol into fuel even if the Congressionally-passed law and EPA rules didn't require it. The reason: it's needed to boost the octane rating that makes cars perform properly.
"It took Sen. Ted Cruz to finally persuade me to answer a riddle that's bothered me for years. Suppose somebody yanked away the law that currently props up the nation's ethanol industry, as Cruz has proposed. What would actually happen?