April 4 RFA Sends CEC Report to Industry
April 1, 2003
The RFA on this day circulates a two-page summary of a California Energy Commission (CEC) report that tells the truth about high gas prices in the state. RFA President Bob Dinneen said: "The CEC report completely exonerates ethanol from any role in California's recent high gasoline prices. The CEC conducted a thorough, fact-based review that sheds light on the real forces at work in California. This is a welcome change from recent speculation by some energy pundits that upon closer inspection proved to be unfounded. The facts are clear: wholesale prices began their spike well before the summer blending season and have actually declined precipitously since refineries switched to producing summer CARBOB."
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