Big Oil, renewable fuels advocates point fingers at each other for high gas prices

Gasoline prices remain stuck above $3.50 per gallon despite the highest monthly domestic oil production in 21 years.

Big Oil and renewable fuels advocates on Wednesday blamed each other for motorists’ continued pain at the pump.

Big oil companies said the federal Renewable Fuel Standard, which requires that ethanol account for at least 10 percent of the 136 billion gallons of gas consumed by U.S. automobiles each year, is driving up fuel prices.

The ethanol industry, on the other hand, says Big Oil is trying to divert attention from high gas prices. Because ethanol is cheaper than gasoline, they say blaming biofuels is the rhetorical equivalent of a dry hole.


http://www.desmoinesregister.com/article/20130321/NEWS/303210073/Big-Oil-renewable-fuels-advocates-point-fingers-at-each-other-for-high-gas-prices?Frontpage

Playing the blame game here doesn't resolve the issue of why gas prices are so high.