Skip to comments.U.S. EPA Issues Renewable Fuel Rules (For 2013 16.55 billion gallons required)
Posted on 08/06/2013 11:33:56 AM PDT by xzins
The U.S. Environmental Protection Agency (EPA) today issued a final rule for the amount of renewable fuels to be added to the nations transportation fuel supply in 2013.
The most publicized issue related to renewable fuels has been the ethanol blend wall, the theoretical point at which ethanol use will be surpassed by the amount of ethanol required by law. As Americans drive less, demand for gasoline falls also reducing demand for ethanol. Because blenders are required either to use the mandated amount, regardless of demand, or pay for credits for the amount they dont use, the EPA has been granted authority by Congress to adjust the mandated levels if necessary.
The EPA ruled today that the mandated 16.55 billion gallons of renewable fuels will not be changed. The major change to the mandated levels came in the area of cellulosic ethanaol, where the 1 billion gallon statutory mandate was reduced to 6 million gallons, reflecting the reality of the situation with cellulosic ethanol production.
The Renewable Fuels Association (RFA), which represents some of the countrys largest ethanol makers, applauded the decision. The American Petroleum Institute (API) has fought the renewable fuel standard (RFS) vigorously, saying that the RFS will raise gasoline prices by 30% and cost the U.S. $770 billion in GDP by 2015.
The RFA counts among its members leading biofuels producers like Archer Daniels Midland Co. (ADM), The Andersons Inc. (ANDE), and Pacific Ethanol Inc. (PEIX). Valero Energy Corp. (VLO), Kior Corp. (KIOR), and privately held POET Inc. are not on the RFAs membership roster.
To take some of the sting out of the blending requirements for 2013, the EPA is extending the compliance deadline for blenders until June 30th of next year.
(Excerpt) Read more at finance.yahoo.com ...
That is exactly why weed eaters and small engines are constantly conking out. The ethanol burns them up.
My tin-foil say it is all a big conspiracy for us to have to buy new things and pay for unnecessary maintenance.
I have always contended there is a room full of actuaries that sit around and constantly calculate how much I make and how much they can raise prices and costs to where I have nothing after each pay day...!
Ethanol is good, just not in the tank of your car.
I’m not an attorney, couldn’t even play one on TV, but I’d start at the dealer. Small claims court may be a cheap, easy way to go.