EPA Relents on U.S. Renewable Fuel Mandate
The federal government relented on quotas for renewable fuels as U.S. production of next-generation sources and demand for gasoline have lagged projections.
In issuing long-overdue final quotas, the Environmental Protection Agency today gave refiners an additional four months to reach the goal of using 16.55 billion gallons of renewable fuel for 2013. It also signaled it will cut the 18.15 billion gallon mandate for 2014, a looming requirement that had driven up the price of ethanol credits that refiners can buy to comply.
"EPA’s decision represents a positive sign for consumers and should help to prevent unnecessary increases in gasoline prices," Jason Bordoff, director of Columbia University’s Center for Global Energy Policy, said in a statement.
Because the 2013 quotas were issued late in the year, EPA also extended the deadline to comply by four months, to June 30, 2014. The agency also cut its 2013 requirement for use of cellulosic biofuel to 6 million gallons from a proposed 14 million, saying the next-generation fuel wasn’t available in adequate volumes.
Re: EPA Relents on U.S. Renewable Fuel Mandate
The RFS is flexible. There are 7 cellolistic plants being built. The American Petroleum Institute, API, is running scared. They are spending 60 million on adds basically lieing to the public about ethanol. This started in ernest when they lost their supreme court appeal on E-15. They are now about to lose another 5% market share in the fuel industry. Ethanol is being sold 80 to 90 cents below RBOB on the wholesale market. It effectively cleans the emissions from car engine exhaust . Contact your congressman tell them e-15 works. Nascar runs on it every week. They love it, as ethanol gives them more horse power, cleaner air! Find a flex fuel pump in your area and try e-30 the most efficient fueling level for ethanol.