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Midwest Drought Hits Gas Pump

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Prices of ethanol increased by about 30% to $2.60 a gallon as a result of the 2012 drought in the U.S. Production of corn declined to the lowest level in twenty years according to the U.S. Department of Agriculture. This has contributed to the increase in gasoline prices in August. Federal regulations in the U.S. require 10% of every gallon of gasoline sold in the U.S. consist of ethanol.

The impact of the 2012 drought in the U.S. on corn based ethanol and the average price of gasoline

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Midwest Drought Hits Gas Pump

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Even Ethanol Waiver Won't Crack Corn

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Ethanol Quota Debated by Corn Farmers and Meat Industry

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