Higher blends of ethanol would reduce prices at pump
In reaction, the American ethanol industry is telling consumers that higher blends of ethanol in motor fuel would reduce prices at the pump and reduce OPEC's influence over our nation's economy.
Cellulosic ethanol is on track be cost competitive with corn-based ethanol by 2016, a development that could drive the fuel's production, according to an industry survey conducted by Bloomberg New Energy Finance.