Ethanol sucks, we can all thank the corn lobby for this mess. That is why Aces is in my tanks. It's a crime how fast my cars are in hot AZ with that stuff in the tank.
Also in 2003 the FED allowed banks to trade on the futures market. Guess who the largest holders of oil contracts are? Chase and Goldman, kinda like giving a crack addict the whole poppy farm. And look at a 20 year graph of US gas prices. It was steady as she goes till 2003 then nothing but up volatile price hikes since. Gas was $1.50 in 03. Oh the poor sheeple have no idea.