Now that the price of oil has gotten up to $135 a barrel, there is a lot of things that 1 month ago weren't economical to do. And that is why by putting more alternative fuels in the mix, we can have some downward pressure on the overall price of gasoline. And obviously ethanol is part of that mix, whether it be corn-based or nonfood items, and we need to explore those and see what we can do to put downward pressure on the overall price of gasoline.
Fred Upton: “Now that the price of oil has gotten up to $135 a barrel, there is a lot of things that 1 month ago weren't economical…”
Editor's note · Context
Discussing the impact of rising oil prices and the role of alternative fuels in reducing gasoline costs.
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