The ethanol subsidy is expiring at the end of the year and Tricia Braid, with the Illinois Corn Growers Association, says that could mean higher prices at the pump.
[audio:rddBraid1.mp3]A Word From Braid[/audio]
Braid says the expiration creates a bit of uncertainty and that four point four cent incentive will likely be passed on to consumers. The Illinois corn growers supported the expiration as a way to help reduce the national deficit. Braid says the oil industry also receives tax incentives but has stepped up to do their part to help bring the nation's economy back on track.