Jason Mark
Jason Mark
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The federal government has to factor in these new fuel prices. That 50 cents a gallon suggests consumers will be much more willing to pay for high fuel-efficiency vehicles.
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The industry has argued for years that consumers don't care about fuel economy. I think they are finding themselves quite surprised by the level of public concern.
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With fewer than 400 ethanol stations in the entire country, it will be important for them to follow through on plans to promote ethanol sales. Otherwise, their increased flexible-fuel vehicle sales will actually exacerbate our oil dependence.
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Whether it takes the form of a class action or a series of individual cases remains to be determined. But we absolutely expect to file legal action.