Gasoline prices were high in 2011, but it would have been much worse without the presence of ethanol in the U.S. market, according to a peer-reviewed study released today by economists at the University of Wisconsin and Iowa State University.
The study, released by the Center for Agricultural and Rural Development, showed that drivers in Colorado saved $1.11 per gallon of gasoline pumped in 2011, which accounts to an average of a little more than $1,200 per household.
Congress returned home this week to spend some much-needed time meeting with and listening to the voters that elected them into office. Now is the perfect time for growers to reach contact their members of Congress and remind them why the Renewable Fuel Standard is important to all Americans, such as by saving money at the gas station.
The Environmental Protection Agency (EPA) has finally taken the official step of approving 15% ethanol blended gasoline (E15) as a registered fuel.
On Monday, the EPA announced the approval of the first applications for registration of ethanol to make E15.
Getting E15 deployed in as many locations as quickly as possible is a critical task for the ethanol industry. We’re pretty much at the blend wall. With wholesale ethanol prices around $1 per gallon lower than wholesale gasoline, you can be assured that the maximum blending is occurring right now, yet the monthly ending stocks reported by the Energy Information Agency continue to set record highs. The high rate of blending was confirmed by the RFA newsletter that came in while I was writing this. Only 3 percent of the gasoline used in the U.S. is NOT blended with ethanol.
For crop farmers in Colorado, spring means planting time. Mild weather and longer days mean farmers are filling up their tractors and getting to work in the fields. In the next couple of weeks, farmers will be prepping and planting their fields, hoping to set themselves up for a successful year.
The three main crops that will be harvested this year are corn, wheat and potatoes. “Corn is the number one cash value crop in Colorado. We have sweet corn for food, and field corn for livestock, poultry, pork and ethanol.
With gas prices again on the rise throughout the United States, many consumers are driving less or switching to cars and trucks that use less fuel. And gas is certainly on the rise for some time to come, with the U.S. Energy Information Agency estimating the average retail cost of gasoline to be $3.79 per gallon in 2012 and $3.72 per gallon in 2013.
A complete download of this RFA Issue Brief in pdf form is available here.
Retail gasoline prices are again on the rise, recently reaching their highest level since May 2011. The national average retail price for regular grade gasoline hit $3.79/gallon last week, $0.27/gallon higher than at the same time last year and $1.04/gallon higher than the same week in 2010.
Sens. Maria Cantwell, D-Wash, and Richard Lugar, R-Ind., have unveiled legislation that would promote the production of flex-fuel vehicles. Under the bill, 50% of new vehicles must be able to run on nonpetroleum fuels by 2015, rising to 80% in 2018. "Phasing in vehicles that can run on fuels other than petroleum will allow a whole host of new domestic sources of transportation fuel to come online, which should reduce our dangerous overdependence on foreign oil and help keep American dollars here at home," Cantwell said.
Report Issued during Environmental Protection Agency’s Pollution Prevention Week
In a detailed ‘white paper’ issued today, NASCAR announced it has accumulated more than a million miles of driving in 2011 on America’s toughest proving grounds: the NASCAR Sprint Cup Series™, NASCAR Nationwide Series™ and NASCAR Camping World Truck Series™.
The data in the “One Million Competition Miles on Sunoco Green E15” report show E15’s qualities as a fuel.
Representatives of the U.S. livestock and poultry industries testified before a House agriculture subcommittee today that changes in ethanol policy are necessary to ensure the availability of corn for animal feed, but the ethanol industry disagrees.