Printing money to buy oil, fight oil wars & exporting jobs caused food prices to soar, not ethanol. Our food exports & prices soar when our dollar is devalued.
Corn price is falling as corn ethanol production increases. None of the corn protein is lost in ethanol production. Protein is what builds muscles (meat) in livestock. DDG feed from ethanol plants grows livestock healthier & faster than the corn did.
For proof that Ethanol lowers prices look at Gasoline vs Diesel prices. The price of Gasoline was allways higher than Diesel until Ethanol. Every year since Ethanol, Gasoline has become cheaper than Diesel. Gasoline price was always much higher than Diesel during the summer peak in July & Diesel would price would peak in January. Now Gasoline price has peaked for the year & it didn't exceed Diesel price. The price spread is going to get very big by New Years thanks to Ethanol competition forcing Gasoline prices lower.
It is a fact that Ethanol has been & is saving US drivers almost $1 a gallon at the pump.
According to data from 161 countries around the world, gasoline is more expensive than diesel fuel in 84% of all countries. On average, diesel is 10% cheaper but the difference varies considerably across countries as well as within countries over time. But since Ethanol production began in the USA, Gasoline prices have been pushed over 25% lower.
Ethanol competition is pressuring gasoline prices much lower. Plus ethanol’s higher octane content gives refiners the ability to produce cheaper low-octane gasoline and upgrade the octane level with ethanol. In early 2006, ethanol prices were about 80% of the price of gasoline. By early 2014, with the domestic ethanol market nearly saturated, ethanol prices at Iowa plants were about 58% of retail gasoline prices. That was even during a drought, just wait until this years record crop yield is harvested. Food, Ethanol & Gasoline prices are going to tank, while the Diesel price spread widens far out.
Everyone who uses Gasoline should be down on their thanking the Ethanol industry for keeping prices from rising like Oil & Diesel.