Industry leaders discuss "Truth About Ethanol"

By | June 01, 2006
On April 18, industry leaders addressed the rampant myths connecting ethanol to rising gas prices. In a teleconference, three speakers separated fact from fiction in the "Truth About Ethanol" discussion. Dinneen; Bob Stallman, president of the American Farm Bureau Federation; and Jon Doggett, vice president of the National Corn Growers Association, helped to clarify that the use of ethanol as a fuel additive is having the least effect on gas prices. Instead, the rapid phase-out of MTBE, high crude oil prices and the petroleum industry's pricing tactics were listed as the true influences on prices. Many petroleum companies voluntarily stopped using MTBE in early May because they were not protected from cleanup lawsuits. The additive has been found to contaminate groundwater