Rising Gas Prices, Americans Looking Towards Ethanol

GrainNet.com
Date Posted: Jun. 10, 2008

OMAHA, NE—A recent national survey commissioned by Ethanol Promotion and Information Council (EPIC) shows the skyrocketing cost of gasoline is forcing American motorists to rethink their driving habits and choices at the pump. The cost of summer driving, with oil prices nearing $140 a barrel, has become an increasing financial burden for many American consumers.

The EPIC survey found 47 percent of those polled stated that a fuel price below $5 a gallon should be the point where fossil fuels are no longer our primary fuel sources. An additional 27 percent of those polled reported that the critical price point lies between $5 and $5.99. America is getting close to the break-point as Sunday, the national average of a gallon of gasoline rose to $4.005, 90 cents higher than a year ago, according to AAA.

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