Federal forecasts in the U.S. Energy Information Administration’s (EIA) newly released Annual Energy Outlook 2019 (AEO2019) underscore the importance of delivering cleaner, lower cost options to the fuel pump, said Chris Bliley, vice president of regulatory affairs at Growth Energy.
“America’s thirst for clean, affordable fuel options is set to remain strong for decades to come,” said Bliley. “Consumers deserve cleaner, more affordable options, and that’s exactly what higher ethanol blends like E15 can deliver. Regulators at the EPA must act quickly on the president’s pledge and open the door to competition at the fuel pump all year long.”
The EIA report predicts that “motor gasoline and diesel fuel retail prices increase by 76 cents per gallon and 82 cents per gallon, respectively, from 2018 to 2050, largely because of increasing crude oil prices.” The report also finds that light-duty vehicle miles traveled will increase by 20 percent, “growing from 2.9 trillion miles in 2018 to 3.5 trillion miles in 2050 as a result of rising incomes and growing population.” In addition, the EIA reports that “consumption of transportation fuels grows considerably in the reference case between 2018 and 2050.”
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For further information contact:
Leigh Claffey
(202) 545-4000
LClaffey@GrowthEnergy.org