“Prices for premium gas are now about 30.2 cents over the price of regular. That is up from 24.1 cents in 2010 and 18.2 cents in 2000  Refiners blame Congress, arguing that the ethanol quota was set at a time when gasoline demand was expected to rise steadily. Instead, demand has declined, and refiners, obligated to blend more ethanol than they can actually use, have resorted to buying a lot of ethanol credits, known as renewable identification numbers (or RINs), to meet the mandated levels.  Ms. Lundberg described this as ‘buying forgiveness from the government.’ The credits’ popularity has driven up the price nearly tenfold since January.”

http://www.economicpolicyjournal.com/2013/03/the-bizarre-government-regulations-that.html

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