Too much ethanol is a bad thing for Illinois’s fuel supplyCategorized in: E15, Illinois
Another really good commentary piece by Timothy Benson of The Heartland Institute in Arlington Heights surfaced recently, this one in Investor’s Business Daily. Roundheads Against King Corn: Why the Renewable Fuel Standard Deserves to Die details how too much ethanol in our fuel supply – like the E15 blend – could hurt everyone from drivers to farmers.
It’s common knowledge that too much ethanol in gasoline could be bad for car and truck engines, and motor-driven tools and devices. But it could also be a drain on our economy. Benson lists some of the impacts of high-ethanol blends on Illinois, found in a study conducted by the Center for Regulatory Solutions:
For example, in The Heartland Institute’s home state of Illinois, CRS argues the RFS has led to unnecessarily high fuel costs totaling $5 billion through 2014, and CRS says the RFS will cost Illinois residents another $17 billion through 2024. These higher fuel costs will depress labor income by roughly $7 billion by 2024, spiking more than 7,000 potential new jobs per year and causing more than $12.1 billion in lost GDP.
The RFS has also increased demand for corn used for ethanol production. Diverting corn to ethanol production means livestock farmers have had to spend more on feed for their livestock. In 2012 alone, Illinois livestock farmers spent $164 million more on feed than they would have without RFS in place.
Illinois drivers have reasons to be concerned about ethanol mandates. Cars could not only get poorer mileage but could also experience engine damage, damage that warranties may not cover because of the ethanol-laden fuel government policies force filling stations to carry.
Energy Citizens will stay on top of developing legislation that could put too much ethanol in the Illinois fuel supply. Keep checking your inbox and we will let you know when drivers need to speak out on potentially harmful policies.