As corn prices explode in the face of the worst drought in over a half century, ethanol, once...
Saturday, July 28, 2012, 11:30 AM ETAs corn prices explode in the face of the worst drought in over a half century, ethanol, once touted as the homegrown, eco-friendly replacement for foreign oil, is fast becoming the new product everyone loves to hate. The fact is however, we've come to rely on the corn-based fuel's high octane level as a boost to the sub-grade gasoline currently being churned out of our nation's refineries. The crisis leaves us with two tough choices: higher gas prices, or higher food prices.
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