ST. LOUIS (KMOX) - Gasoline prices continue to increase, but it’s likely not due to the loss of the ethanol subsidy. That according to the head of the Missouri Corn Growers Association.
Gary Marshall says the oil companies had received the subsidy to purchase ethanol, but it expired at the first of the year. He says he can only hope the effect is minimal.
“We don’t think there will be a lot of changes to farmers or to consumers. Maybe a little higher gas prices but it shouldn’t be all that much higher” Marshall told KMOX’s Mark Reardon.
The loss of the ethanol subsidy will cut into the bottom line of oil companies and Marshall says they will determine whether or not to make up that loss and ultimately who will pay for it.
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