The chairman of the Senate Energy and Natural Resources Committee on Friday questioned whether the United States would be able to meet federal biofuel targets and pledged to take a closer look at the mandate's link to gasoline prices.
With gas prices above $4 a gallon in many parts of the U.S., consumers have a right to know why. Crude oil prices have fallen by 1% since the end of February even as gas prices are up 12%. So higher oil prices aren't the answer. Blame this one, at least in part, on Washington and ethanol.