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ACE Pleased With FTC Response On Ethanol Concerns

ACE Pleased With FTC Response On Ethanol Concerns

Federal Trade Commission officials have responded to Senator’s concerns of oil companies alleged anticompetitive practices preventing consumers from using higher ethanol blends.  American Coalition for Ethanol Executive Vice President Brian Jennings is encouraged by FTC’s quick response to the letter sent from Senators Chuck Grassley and Amy Klobuchar.

Jennings says he thinks FTC will discover what the Senator’s have been saying that oil companies may not own these gas stations but are placing restrictions on stations that carry their brand with respect to blending E 15 and higher blends of ethanol. He also says ethanol can’t compete because there isn’t a competitive market.

Jennings says the Senators are still awaiting a response from a similar letter sent to the U.S. Justice Department.

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