CEI Podcast for May 17, 2012: Ethanol’s Overstated Benefits

Have a listen here.

Senior Fellow Marlo Lewis takes apart a study claiming that ethanol lowers gas prices by more than a dollar per gallon in some regions. Unrealistic assumptions and dodgy methodology make the results less than trustworthy. Ethanol, Lewis argues, is widely used only because the federal government requires it to be. If it had to compete on a level playing field like most other products, it would be a flop.