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Governors' Biofuels Coalition
NEWS UPDATE January 8, 2014

Ethanol price spike didn’t cause high gas prices — study

Amanda Peterka, E&E reporter  •    •  Posted January 8, 2014

The spike in ethanol credit prices last year did not drive up the cost of gasoline at the pump, according to a study released today that was commissioned by the ethanol industry. Although both the price consumers paid for retail gas and the price refiners paid for ethanol credits rose during the first half of 2013, ethanol credits had no effect on gas prices, the study by Informa Economics Inc. found. Rather, crude oil prices and the number of vehicle miles driven in the United States were the drivers of gas prices last year. [ read more … ]

Minnesota may lose $610 million in 2014 due to proposed RFS rollback

Fergus Falls Journal  •    •  Posted January 8, 2014

The Environmental Protection Agency’s (EPA) proposed rollback of the Renewable Fuel Standard’s (RFS) biofuel requirements for 2014 may lead to a $610 million shortfall to Minnesota’s economy and a loss of 1,532 jobs this year. Estimates by the Minnesota Department of Agriculture indicate that the EPA’s proposal, which calls for lowering the RFS’ statutory levels for ethanol-based biofuels in 2014, will lower ethanol production and in turn have an adverse impact on the economy in Minnesota. [ read more … ]

Vet group launches ad in support of renewable fuel mandate

Amanda Peterka, E&E reporter  •    •  Posted January 8, 2014

The TV ad that is being aired for one week in Iowa and Washington, D.C., begins with an explosion rocking a military convoy. A veteran of the Iraq War appears in the foreground, urging consumers to fill their gas tanks with ethanol and push back against the recent proposal by the Obama administration to scale back the nation’s renewable fuel mandates. [ read more … ]

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