Please add the Governors' Biofuels Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Biofuels Coalition
NEWS UPDATE May 11, 2021

Top Story

Fuel shortages crop up in Southeast, gas prices climb after pipeline hack

By Taylor Telford and Will Englund, Washington Post  •    •  Posted May 11, 2021

Lines of panicked drivers overwhelmed gas stations in the Southeast on Tuesday, as rising prices fed fears of shortages in the aftermath of a ransomware attack that forced the nation’s largest fuel pipeline offline. In Washington, Energy Secretary Jennifer Granholm said that the region can expect a “crunch” that will take several days to alleviate. “We have gasoline,” she said during a White House briefing. “We just have to get it to the right places. And that’s why I think the next couple of days will be challenging.”
[ read more … ]

Colonial Pipeline

Colonial Pipeline Attack Highlights Additional Obstacles

By Jinjoo Lee, Wall Street Journal  •    •  Posted May 11, 2021

Compliance with the Renewable Fuel Standard, which sets annual quotas for the quantity of ethanol and biodiesel that must be blended into fuels, has been the main driver of that price surge, analysts have said. But if the pipeline disruption lasts longer, it would start tightening inventory levels as well. As of last week, data from the U.S. Energy Information Administration showed that U.S. gasoline inventory was at 235.8 million barrels, which is at the lower end of the five-year range. The pipeline operator said Monday afternoon that it plans to gradually resume its work, with the goal of “substantially restoring operational service” by the end of the week. But the incident highlights more than just the vulnerability in Colonial Pipeline’s networks. [ read more … ]

RFA to EPA: Allow E15 to Help Fill Void Created by Colonial Pipeline Shutdown

By Ken Colombini, RFA  •    •  Posted May 11, 2021

In a letter to EPA Administrator Michael Regan, RFA President and CEO Geoff Cooper specifically asked EPA to suspend certain regulatory requirements that otherwise would impede and delay retailers from expanding the use of E15 to help offset fuel supply shortages. Cooper noted that some 180,000 barrels per day of ethanol production capacity is currently idle and could be “quickly activated or reoriented to help alleviate impending fuel shortages on the East Coast.” [ read more … ]

Colonial shutdown: Increased imports boost ethanol RINs, RVO to record highs

By OPIS  •    •  Posted May 11, 2021

Shutdowns related to a weekend cyberattack on Colonial Pipeline in the U.S. led to increased fuel imports at the start of the week, which lifted already soaring Renewable Identification Number (RIN) values to record highs. Colonial, the largest refined-product pipeline in the country, has had its main lines shut down since Friday, halting the flow of refined products from the U.S. Gulf Coast to the East Coast. [ read more … ]

Markets

China makes another big US corn buy amid Brazil crop woes

By Bill Tomson, AgriPulse  •    •  Posted May 11, 2021

Chinese buyers have made another big purchase of U.S. corn for the next harvest as concerns mount over the impact of dry weather on Brazil. The USDA on Monday announced a 1.02 million-metric-ton sale of corn to China for delivery in the 2021-22 marketing year, which follows a Friday announcement of a daily export sale of 1.36 million tons of U.S. corn to China – a report that was well-received by representatives of the U.S. corn sector, who stressed that the purchases for 2021-22 show that Chinese demand is not slowing. [ read more … ]

Ethanol Exports to China Soar, Plummet to Brazil

By NAFB  •    •  Posted May 11, 2021

U.S. ethanol exports to China spiked in March despite Beijing’s tariffs, while exports to Brazil plummeted amid continued tariffs. China’s longstanding tariffs on U.S. ethanol eased somewhat, but despite a remaining levy, Renewable Fuels Association chief Geoff Cooper says exports there took off.
[ read more … ]

Off-Topic

Chuck Grassley is the 80-something everyone’s waiting on

By BURGESS EVERETT, Politico  •    •  Posted May 11, 2021

Senators in both parties say Grassley is sharp as a ginsu knife and his health appears impeccable. He dismisses questions about his age or aptitude, either with a push-up challenge — which makes doubters look silly — or a defense of his record. No whispered questions about acuity follow him, the way they have Feinstein or the late Sen. Thad Cochran (R-Miss.). Still, there’s some consternation in Iowa over whether it’s time to pass the torch. [ read more … ]

EVs

Biden to visit Michigan next week ahead of electric F-150 reveal

By Riley Beggin, The Detroit News  •    •  Posted May 11, 2021

President Joe Biden plans to visit Ford Motor Co. in Michigan next week the day before the automaker’s Wednesday night launch of the electric version of the F-150 pickup truck. The F-150 Lightning EV still will be unveiled May 19 at the company’s headquarters in Dearborn, where workers spent the past few days installing a giant projector screen on the south side of world headquarters to tout the new truck. [ read more … ]

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