The American Coalition for Ethanol (ACE) also voiced concern about oil reaching $100 a barrel for the first time this week.

ACE Executive Vice President Brian Jennings said, “For the sake of the nation’s economic health, our New Year’s resolution must be to put the brakes on this costly and risky reliance on oil and accelerate our use of domestically produced ethanol.”

“The more we can increase consumer access to ethanol-blended fuel, the better off our economy will be. Increasing the number of flexible fuel vehicles and the availability of E85, as well as approving the use of mid-range ethanol blends such as E20 and E30 for standard autos, will further insulate consumers against the pinch of $100 oil,” he added.