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Governors' Biofuels Coalition
NEWS UPDATE July 27, 2012

Waiving biofuels mandate would have scant effect on corn prices — study

Amanda Peterka, E&E reporter  •    •  Posted July 27, 2012

Waiving the federal biofuels mandate won’t significantly ease skyrocketing corn prices, according to a study released today by an Iowa State University economist. Bruce Babcock, the director of Iowa State’s Center for Agricultural and Rural Development, said waiving the renewable fuel standard would reduce corn prices by less than 5 percent. With corn prices currently above $8 a bushel, he said, the reduction will fail to provide relief to livestock industries that have demanded the government reduce or repeal the mandate
[ read more … ]

Consumers Opting for Better Fuel Economy This Year

By MATTHEW L. WALD, New York Times  •    •  Posted July 27, 2012

An analysis indicates that the fuel efficiency of vehicles purchased by consumers in the United States set a new record in the first half of this year. It attributed the shift to automakers’ offering a wider variety of models with good fuel performance, and to shoppers’ reacting to higher gasoline prices by choosing smaller models. The study was conducted for the Natural Resources Defense Council, an environmental group that favors stricter gas mileage standards. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.