From the grocery store to your favorite takeout joint to the drive-thru window, you're paying more for what you eat and leaders in the fast food industry say the reason for these increased costs is the federal government's continued support of corn-based ethanol.

The bushel price of corn has nearly tripled in the past decade. Forty percent of what's grown today goes into fuel tanks and that percentage could rise if the current federal mandate--known as the Renewable Fuel Standard--remains in place.
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The fast food industry contends that with more corn going to ethanol gas, there's less for traditional corn-based food products and feed for farm animals, thus driving up the costs for restaurant owners.
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The head of the ethanol industry's trade association says his members are being unfairly set up as the bogeyman. Bob Dinneen of the Renewable Fuels Association says, "we absolutely believe that the chain restaurants are trying to pull a super-sized whopper here. Because there is just no way that ethanol is driving food prices."

Dinneen says the primary driver of increased food costs is oil and the expense of transportation throughout the supply change. To that end, he contends, food costs have been held under control by blending ethanol with imported oil.

"It the RFS were to go away, look, gas prices would go up--on day one. Ethanol is driving down the price of gasoline today." Dinneen says the current price at the pump would jump by $1.09 a gallon without the RFS.

http://www.foxnews.com/politics/2013/07/...-based-ethanol/

I don't know which one is right but my burger cost more these days..

That's funny, I heard a guy on the radio the other day saying pump prices would go down about $1.00 without the RFS.

Quote: FP123 wrote in post #2

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That's funny, I heard a guy on the radio the other day saying pump prices would go down about $1.00 without the RFS.

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