(WASHINGTON) -- It's a new era for the ethanol industry and not necessarily a good one.
Congress has allowed a 30-year subsidy to lapse, meaning the ethanol industry won't be getting its $6 billion tax credit in 2012. That's good for taxpayers as long as they don't drive.
The end of the subsidy means that unleaded gas that is mixed with ethanol will probably rise four or five cents a gallon by as early as next week.
Industry analysts say that while production of the corn-based additive could be affected, the ethanol industry is strong enough to sustain itself without the $6 billion.
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