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Ethanol mandate driving up gas prices, again

The Herman Cain Show |

Gas prices putting a pinch in your wallet again this summer? Well, let Herman Cain explain why it’s happening. See, the government mandates that 15% of the gas in your tank be something called ethanol. This raises the prices of fuel because ethanol is actually less energy-efficient, so your car burns more of it. The more fuel people need to buy, the more the price goes up. Another example of how our government is ignorant of basic economics.

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