That and you also have to consider the massive negative impact ethanol has had on third world food prices.
When you make a commodity into fuel source much more valuable than it price as a food source...people starve.
We don't feel it here as the average north american spends only 3% of their disposable income on food, but in third world countries they rely on cheap staples like corn, soybeans, rice etc. as their main food. They also spend more than 50% of their income on food generally.
World food prices are at near all time high, almost as high as the food crisis of 2008.
The use of ethanol isn't just a major inconvenience to guys like us, it is literally live or die for many starving people in the world who now can't afford to eat. The US is the worlds largest producer of corn...
Oops my data is a few days late...
http://www.cbc.ca/world/story/2011/01/05/world-food-prices-record.htmlWe have hit a new record....and food riots have begun again.