NEW YORK ( TheStreet) -- Gas prices are on a trajectory to go up perhaps another 50 cents a gallon this summer, and not because of any shortage or geopolitical crisis. This price spike, if it happens, will be self-inflicted, attributable solely to a federal program on ethanol.Since the 1970s, the Environmental Protection Agency has been overseeing a program adding ethanol to domestic gasoline, designed to lower carbon monoxide emissions. While this program has noble environmental aims, the EPA mandates have had limited environmental impact and are now threatening both the refiners that produce gasoline and the rest of us who need it.
Dicker: Blame the Feds if Gas Prices Rise This Summer
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.