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First hint: 54-cent-a-gallon ethanol tariff may shrink under 2009 budget

The Bush Administration will release its 2009 budget to Congress Monday and one of the expected changes will be to the ethanol tariff, currently set at 54 cents for each imported gallon. The groundwork for this change was set by Energy Secretary Sam Bodman. According to Domestic Fuel, Bodman said, "I would just say I think that there are advantages to having had the kind of both subsidies and tariffs that have helped protect this industry. I believe that, the best I can tell, this industry is pretty close to being able to stand on its own." Not ... Read more →

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