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Last Friday the Biden administration raised the mandatory amount of biofuel, specifically ethanol, that must be blended within the U.S. gasoline supply. The previous amount of 10% was raised to 15% by the Environmental Protection Agency (EPA). This is likely to lead to two sets of bigger issues, less food and higher gas prices.
♦ First issue. – The Renewable Fuel Standard (RFS) is a government mandate, passed in 2005 and expanded in 2007, that requires growing volumes of biofuels to be blended into U.S. transportation fuels like gasoline and diesel every year. Approximately 40 percent of corn grown in the U.S. is used for ethanol.
The EPA enforces the biofuel standard by requiring refineries to submit purchase credits (known as Renewable Identification Numbers, or RINs) to the Environmental Protection Agency (EPA) proving the purchases. This enforcement requirement sets up a system where the RIN credits are bought and sold by small refineries who do not have the infrastructure to do the blending process. They purchase second-hand RIN credits from parties that blended or imported biofuels directly. This sets up a secondary income stream, a trading market for the larger oil companies, refineries and importers.
The RIN credit trading platform is similar to what we might expect to see if the ‘Carbon Trading’ scheme was ever put into place.
♦ Third Issue – “Ethanol is a valuable source of octane in finished gasoline, but it is chemically different than petroleum gasoline and cannot be used in concentrations above 10 percent in small engines — like outboard boat motors, motorcycles, lawnmowers, generators or chain saws — or in any cars made before 2001. Complicating matters further, most cars on the road today still aren’t warrantied to run on gasoline with more than 10 percent ethanol.
Most gasoline sold in the U.S. contains 10% ethanol, and the fuel has become a key part of the economy in many Midwest states. The fuel consumes more than 40% of the nation's corn supply
“Today’s actions will help to reduce our reliance on oil and put the RFS program back on track after years of challenges and mismanagement," said EPA Administrator Michael Regan.
The Renewable Fuels Association, an ethanol lobbying group, criticized the retroactive reduction of biofuels targets but said the future requirements would bring certainty back to the renewable fuel standard, help lower gas prices and set a foundation for future growth.
originally posted by: Ahabstar
Try getting Cash for those Clunkers now.
All part of the EV conversion plan. And if that price doesn’t come down maybe there will be a monthly fee to join an EV Rental Group that provides a daily that return home at night to recharge and another visits you in the morning. Just check it daily because you would hate to get pulled over for drugs, booze or even guns that were left in your car to be found on a search.
originally posted by: Ahabstar
a reply to: ancientlight
You’ll own nothing and like it.
originally posted by: Ahabstar
a reply to: ancientlight
You’ll own nothing and like it.
This is likely to lead to two sets of bigger issues, less food and higher gas prices
originally posted by: ancientlight
a reply to: lordcomac
My car is from 2006, what can I do ?
Ugh so angry about this, it's just stress upon stress upon stress, and all because of these psychopathic a**holes
originally posted by: ChiefD
originally posted by: ancientlight
a reply to: lordcomac
My car is from 2006, what can I do ?
Ugh so angry about this, it's just stress upon stress upon stress, and all because of these psychopathic a**holes
Most gas stations (at least where I live) have the 93 octane premium fuel, usually has no ethanol. But it’s very expensive now. $5.70/gallon in Wisconsin. If you can afford it, get that for your car. I have a 2003 Olds Alero. 19 year old car still runs pretty good, but not on the 10% ethanol. Some gas stations have ethanol free fuel that is 87-89 octane, but that is probably more costly too. Whatever you do, don’t get the 15% ethanol. It would probably wreck your car. I know it would wreck mine.