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Governors' Biofuels Coalition
NEWS UPDATE April 14, 2022

Top Story

Why Is Gasoline Still So Expensive if Oil Prices Have Dropped?

By Collin Eaton, Wall Street Journal  •    •  Posted April 14, 2022

Oil prices have in fact been falling more quickly than gasoline prices. Oil was at $100.60 a barrel Tuesday, down about 19% from an almost 14-year peak in early March, while a gallon of regular gas averaged about $4.098 on Tuesday, only about 5.4% lower than the all-time record in March. But the system that turns oil into gas in the U.S. is big, complex and not controlled by any one company. Thousands of companies drill for oil. Dozens refine that oil into fuel. And tens of thousands of largely independent gasoline stations sell that fuel to customers. Here is a look at the factors that help shape gasoline prices. [ read more … ]

E15

Biden’s Ethanol Move Boosts Producers, Worries Meat Companies

By Patrick Thomas, Wall Street Journal  •    •  Posted April 14, 2022

The Biden administration’s plan to temporarily allow higher ethanol blends in gasoline is set to boost U.S. ethanol producers like Archer Daniels Midland Co. ADM 0.50% , Green Plains Inc. GPRE 4.27% and Poet LLC, while lifting demand for farmers’ corn, agriculture-industry executives and analysts said. The Biden administration said that increasing use of gasoline with 15% ethanol, known as E15, over the summer months would help lower consumers’ fuel costs, which have climbed following Russia’s invasion of Ukraine. The decision is seen as a win for corn growers and ethanol-producing companies, though some groups said they fear it could further inflate food prices by making grain more expensive. [ read more … ]

Biden Issues Emergency Waiver in Effort to Reduce Fuel Prices for Consumers

By Reid Wagner, Nebraska Ethanol Board  •    •  Posted April 14, 2022

The transportation sector generates the largest share of greenhouse gas (GHG) emissions, which pose severe environmental and health issues. According to the U.S. Department of Agriculture, biofuels reduce GHG emissions by 46% compared to gasoline. Additionally, when blended in gasoline, ethanol displaces toxic aromatics, reducing particulate matter, carbon monoxide, BTEX (benzene, toluene, ethylbenzene, xylene), and other pollutants that lead to respiratory issues, heart disease, and even death.   [ read more … ]

Commentary

Boost in Ethanol Renews the False Food Versus Fuel Argument

By Ernie Shea, Solutions from the Land  •    •  Posted April 14, 2022

Unfortunately, the White House action promoting E15 has also brought with it a resurrection of grumbling from oil industry advocates and others claiming that the increased use of corn as a feedstock to make more ethanol is diverting the staple crop from its role as a food source and contributing to higher food prices. [ read more … ]

EVs

California Reveals Its Plan to Phase Out New Gas-Powered Cars by 2035

By Lisa Friedman, New York Times  •    •  Posted April 14, 2022

California on Wednesday made public an aggressive plan to mandate a steady increase in the sale of electric and zero-emissions vehicles, the first step in enacting a first-in-the-nation goal of banning new gasoline-powered cars by 2035. Under the proposed rule, issued by the California Air Resources Board, the state will require 35 percent of new passenger vehicles sold in the state by 2026 to be powered by batteries or hydrogen. Less than a decade later, the state expects 100 percent of all new car sales to be free of the fossil fuel emissions chiefly responsible for warming the planet. [ read more … ]

California plan aims to triple sale of electric cars by 2026

By KATHLEEN RONAYNE, Associated Press  •    •  Posted April 14, 2022

The California Air Resources Board’s proposal would slowly raise the sale of new cars that are electric, hydrogen-powered or plug-in hybrids to 100% by 2035. About 11% of all new passenger car sales nationally happen in California, giving the state significant influence over the auto market. Californians would still be allowed to drive gas-powered cars and sell used ones, meaning planet-warming emissions will still spew from the state’s roadways. [ read more … ]

America’s Favorite Truck Is About to Test Tesla’s Dominance

By Keith Naughton, Bloomberg  •    •  Posted April 14, 2022

When Ford began developing an electric version of its wildly popular F-150 pickup four years ago, many people doubted it could be as robust as the gas-powered brute. Some of them were inside the house. “We were dealing with a ton of skepticism internally,” says Linda Zhang, chief engineer on the project. “It couldn’t just be a battery on wheels. We wanted it to be a real American truck that does work.” [ read more … ]

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