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Governors' Biofuels Coalition
NEWS UPDATE June 22, 2022

Top Story

Biden Pushes Congress for Three-Month Gas Tax Holiday

By Zolan Kanno-Youngs and Lydia DePillis, New York Times  •    •  Posted June 22, 2022

President Biden called on Congress on Wednesday to temporarily suspend the federal gas tax, an effort to give Americans “just a little bit of breathing room” from soaring fuel prices even as economists and lawmakers in both parties expressed skepticism that the move would make much of a difference. During an afternoon speech, Mr. Biden asked Congress to lift the federal taxes — about 18 cents per gallon of gasoline and 24 cents per gallon of diesel — through the end of September, shortly before the fall midterm elections. The president also asked states to suspend their own gas taxes, hoping to alleviate the economic pain that has contributed to his diminishing popularity. [ read more … ]

Biden’s Gas Tax Holiday May Not Lower Gas Prices at the Pump

By Devika Krishna Kumar, Bloomberg  •    •  Posted June 22, 2022

Suspending the federal gasoline tax may sound like welcome relief for US drivers paying some of the highest pump prices on record right as the summer travel season kicks into high gear. But experts warn it could bring mixed results — or even higher gas prices in the end. [ read more … ]

Higher Ethanol Blends

Grassley bullish on House Democrats’ ethanol, cattle bill

BY: MARC HELLER, E&E News  •    •  Posted June 22, 2022

Sen. Chuck Grassley said he believes the Senate would agree to make higher-ethanol fuel available year-round, even if the proposal is attached to a more divisive measure to increase oversight of the cattle industry. “I think we get 60 votes. That’s all I can tell you,” Grassley (R-Iowa) told reporters on a conference call, referring to the need for a filibuster-proof majority. Grassley made the assessment days after the House narrowly passed a package of bills, including a lifting of summertime restrictions on the sale of E15 fuel, which is 15 percent ethanol. [ read more … ]

Vehicle Emissions

U.S. regulators to propose new tougher vehicle emissions rules by March

By David Shepardson, Reuters  •    •  Posted June 22, 2022

The U.S. Environmental Protection Agency plans to propose new, more stringent vehicle emissions rules through at least the 2030 model year by March, according to a regulatory update released on Tuesday. In December, the EPA finalized new light-duty tailpipe emissions requirements through the 2026 model year that reversed then-President Donald Trump’s rollback of car pollution cuts and will speed a U.S. shift to more electric vehicles. The EPA said on Tuesday it plans to finalize by March 2024 the latest round of requirements, covering at least 2027 through 2030. The agency also plans to propose and finalize new rules covering larger medium-duty vehicles in the same time frame.
[ read more … ]

Congress

Biden eyes deal as Manchin resists clean energy incentive

By Nico Portuondo, Jeremy Dillon, E&E News  •    •  Posted June 22, 2022

National Economic Council Director Brian Deese said this weekend the administration was hopeful a budget reconciliation deal that tackles inflation and utility costs could be done before September. Deese told CBS News “Face the Nation” Sunday that the potential package would be the “most impactful” thing the administration and its Democratic allies could do to lower energy prices. [ read more … ]

Mead Ethanol Plant

Monitoring group calls for additional studies and funding to discover possible adverse impacts of AltEn plant

BY: PAUL HAMMEl, Nebraska Examiner  •    •  Posted June 22, 2022

A volunteer watchdog group said Tuesday that recent, preliminary findings about the extent of contamination caused by the now-closed AltEn ethanol plant points up the need for continued studies and funding of research efforts.  “These initial findings are a bombshell that certainly underscore the need for further scientific examination of the breadth and scope of this catastrophe,” said Al Davis, spokesman for the Perivallon Group, an informal monitoring committee. [ read more … ]

Markets

High Gas Prices Hit Demand as Drivers Cut Back at the Pump

By Jennifer Hiller and Collin Eaton, Wall Street Journal  •    •  Posted June 22, 2022

American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon. In the first full week of June, gasoline sales at U.S. stations were down about 8.2% compared with the same week last year—the 14th consecutive week that sales have lagged behind 2021 levels, according to surveys by energy-data provider OPIS.
[ read more … ]

Oil CEOs will visit White House for emergency meeting

By Scott Waldman, E&E News  •    •  Posted June 22, 2022

Responding to President Joe Biden’s call for an explanation of soaring petroleum prices and surging industry profits, oil and gas executives will visit the White House tomorrow for an emergency meeting with Energy Secretary Jennifer Granholm. Granholm and White House officials will meet with executives from BP PLC, Chevron Corp. and Phillips 66 Co., the companies confirmed to E&E News. Other oil majors, including Shell PLC and Exxon Mobil Corp., didn’t confirm their attendance. [ read more … ]

Crude Relations: Many U.S. Voters Back Closer Ties With Dictators for Cheaper Oil

BY MATTHEW KENDRICK, Morning Consult  •    •  Posted June 22, 2022

As gas prices in the United States reach historic highs, President Joe Biden heads to Saudi Arabia next month to improve ties with the state he once promised to make a “pariah,” but voters aren’t necessarily warming to the idea of reaching out to dictators for in a bid for cheaper gas, a new Morning Consult/Politico survey shows, with support for such efforts down slightly since March. [ read more … ]

EVs

Manchin says EV Tax Credit Bonus Is Gone From Spending Bill

By Ari Natter, Bloomberg  •    •  Posted June 22, 2022

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Senator Joe Manchin as they seek to wrap up negotiations on a spending deal. “It’s gone,” Manchin said in an interview at the Capitol Tuesday. [ read more … ]

Electric Trucks Get Boost From Multi-Megawatt Charging Stations

By Ryan Fisher, Bloomberg  •    •  Posted June 22, 2022

Broad adoption of heavy-duty electric trucks is looking closer than ever with manufacturers releasing new big rigs and the announcement that multi-megawatt charging is coming in 2024. Attendees at the EVS 35 electric-vehicle conference in Oslo last week were able to check out a Scania truck charging at more than 1 Megawatt. That’s roughly four times greater than what Tesla’s Model 3 can charge. Swiss industrials firm ABB showed off its new multi-megawatt charger it says will be ready for pilots next year and commercial deployment in 2024. That product boasts an impressive capacity of up to 3MW. [ read more … ]

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