Once upon a time, stormy politics in the Mideast routinely inflicted pain on Americans at the pump. Recently it was storms in the Midwest as infrastructure issues in a region known for corn, not petroleum, made it difficult for some refiners to get the ethanol needed for gasoline. America’s energy renaissance didn’t help one bit. Almost all U.S. gasoline is blended with 10% ethanol thanks to the Renewable Fuel Standard, as updated during President George W. Bush’s second term. The mandate at the time was meant to make gasoline...

Source: Wall Street Journal April 15, 2019 15:00 UTC