Ethanol lowers gas prices, Broin tells Senate committee

WASHINGTON, D.C.POET wants to help alleviate high gas prices by drastically increasing ethanol supplies in large part through expansion in cellulosic ethanol, but the industry needs market access to make that happen, POET CEO Jeff Broin told the Senate Committee on Agriculture, Nutrition and Forestry today."The best way to lower prices for consumers is to allow ethanol to compete with oil in the marketplace." - POET CEO Jeff BroinBroin testified in Washington, D.C. at the committee’s “Hearing to examine high gas prices and how new rules and innovative farming can help”.