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.”
For further information contact:
I am proud to support Illinois' leading biofuels industry. A strong #RFS is critical to our state's economy and supports our ag community. Grateful to @GrowthEnergy for awarding me with the Fueling Growth Award for being a biofuels champion. https://t.co/JwmecYNRun
Front page @DMRegister: @EPA exemptions shut down another Iowa #biofuel plant, “clock ticking” on White House fix https://t.co/O2jDR9dGLC https://t.co/ApioOD0zRd
Leaders at @EthanolRFA & @GrowthEnergy discuss new @USDA report outlining #corn demand destruction due to @EPA exemptions https://t.co/xpak4luD7q
MN's @SenTinaSmith says ethanol is a vital part of Minnesota's economy and that the Trump administration's record issuance of secret waivers to oil refineries continue to cause economic harm to rural communities. https://t.co/1APNbaYoHG https://t.co/OKrU7xOQoN