last week, an article in Biofuels Journal stated that, according to a new report by economist John Urbanchuk, motorists would be facing much higher gasoline prices, an additional 30 cents per gallon, were it not for the growing ethanol industry adding billions of gallons to U.S. fuel supplies. Without ethanol, our country would be even more reliant on foreign imports of gasoline, and the pain at the pump would be much more severe. More than 30 percent of all U.S. gasoline is blended with ethanol. Without ethanol, refiners would be forced to import about 217,000 barrels per day of high-octane, clean-burning gasoline blending components. Over the last 25 years, while no new U.S. refineries have been built and scores have been closed, 78 new ethanol plants have been built and 10 more are under construction today. Ethanol use will bolster U.S. gasoline supplies by more than 3.3 billion gallons in 2004 alone. We need the Senate to pass H.R. 6, the first comprehensive energy legislation Congress has put forth in years. It will increase our use of renewable fuels like ethanol and biodiesel and reduce our continued overdependence on foreign oil.
On the recordJune 2, 2004
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govinfo.govEditor's note · Context
Discussing the importance of ethanol in U.S. fuel supplies and advocating for energy legislation.
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