They need to do away with this mandate and let the market decide if they want to use ethanol. The boating industry doesn't use the stuff and they have to buy gas without it, so they pay quite a premium.
Calls to scrap ethanol mandate intensify with drought
By Steve Hargreaves @CNNMoney August 7, 2012
NEW YORK (CNNMoney) -- The drought that's killing crops across the Midwest and sending corn prices to record highs has revived calls to end or ease the government's requirement that corn-based ethanol be blended with gasoline.
Current rules stipulate that nearly 10% of the nation's gasoline supply come from corn-based ethanol. To make that ethanol, up to 40% of the country's annual corn production can be required.
With corn prices surging -- they're up 50% in the last six weeks alone -- many say waiving the mandate would help bring those prices down. They say lower corn prices would also help lower prices for certain foods that depend on the crop, like cereal and meat.
"The impact this is having on the animal protein industry and at the dinner table is profound," Arkansas Republican Congressman Steve Womack said in a statement last week. "If something isn't done -- and done fast -- food prices will soar."
Womack and 150 other lawmakers from both parties sent a letter to Environmental Protection Agency head Lisa Jackson last week asking her to ease the ethanol mandate.