Ethanol makes up only 10 percent of a gallon of gasoline. If gasoline prices are up 36 cents, then ethanol would only make up 3.6 cents of that. And 85 percent of users have long-term contracts that are significantly below the spot-market prices.

Bob Dinneen

Related Quotes

We are expanding rapidly and will continue to do so with comments like the president made last night. It sends a very strong signal to our industry, financial markets that the future for ethanol is secure.

— Bob Dinneen

Clearly, ethanol is something we are doing now that we can do more of that will provide at least a part of the solution for the future. We wouldn't be having this discussion if oil was $25 a barrel.

— Bob Dinneen

People look and see what's happening with worldwide oil supplies and it is a cause for concern. People realize the era of cheap oil is over.

— Bob Dinneen

I think everybody is realizing that (the era of) cheap oil is done.

— Bob Dinneen

A 15% reduction in greenhouse gas emissions is significant and puts ethanol at the forefront in the effort to address global warming. No other liquid fuel in widespread use today can make that claim.

— Bob Dinneen