| No. 247, October 20, 2022 |
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Study: Nationwide E15 Would Save Drivers Over $20 Billion in Annual Fuel Costs |
This week, we released a study conducted by ABF Economics that found that nationwide E15, a 15 percent ethanol blended fuel, could save drivers billions in annual fuel costs, create new jobs, and return billions to the U.S. economy. Specifically, the data show that a nationwide transition to E15 would: -
Save consumers $20.6 billion in annual fuel costs,
- Put an additional $36.3 billion in income into the pockets of American households,
- Support an additional 188,000 jobs,
- And generate $66.3 billion for the U.S. GDP.
“The price of gas remains top of mind for American families who don’t want to lose access to a low-carbon, low-cost choice at the pump,” said CEO Emily Skor. “Over the summer, E15 saved drivers up to nearly a dollar per gallon at the pump in some areas, with savings averaging to $0.16 per gallon across the country. Today’s study shows that expanded, year-round access of this higher biofuel blend can provide a much-needed boost to the farm economy and even greater savings to American families.”
The release of this study follows months of record-high gas prices across the country and President Joe Biden’s emergency waiver to allow the sale of E15 for the 2022 summer driving season to address those prices. Thanks to the availability of E15, drivers found savings of up to nearly a dollar per gallon at the pump by filling up with this higher blend of biofuel. |
Want to share the results of the study on your own social media? Use our social media toolkit to spread the word! |
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For more information, please contact Senior Vice President of Regulatory Affairs Chris Bliley. |
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New from EIA: 95% of Fuel Ethanol Moved in the U.S. in First Half of 2022 Moved by Rail U.S. DOE Proposes Guidance on Clean Hydrogen Production Standard (CHPS) Growth Energy Submits Comments on Washington State Proposal for 100% Sale of ZEV by 2035 |
Growth Energy Applauds Senate Push for Stronger Renewable Fuel Standard |
CEO Emily Skor Celebrates Recent Market Development Milestones in Ethanol Producer Magazine |
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Export Exchange 2022 October 12 - 14, 2022
Minneapolis, Minn. Get Bioethanol NASCAR Paint-Out November 6, 2022 Phoenix, Ariz.
National Carbon Capture Conference & Expo November 8-9, 2022
Des Moines, Iowa Society of Independent Gasoline Marketers Association (SIGMA) November 8-10, 2022 Hollywood, Calif. NAFB Trade Talk
November 16-17
Kansas City, Mo. |
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New from EIA: 95% of Fuel Ethanol Moved in the U.S. in First Half of 2022 Moved by Rail |
According to the U.S. Energy Information Administration's Petroleum Month Supply, 95% of all U.S. Fuel ethanol deliveries between regions in the first half of 2022 were by rail. In the first half of 2022, nearly all of the fuel ethanol that was delivered by rail (97%) originated in the Midwest. Rail accounted for 96% of the Midwest's fuel ethanol deliveries to the East Coast and 90% of deliveries to the Gulf Coast. All fuel ethanol deliveries to the Rocky Mountain and West Coast regions were transported from the Midwest by rail.
This updated rail data from the first half of the year reflects why a reliable rail industry is so important to the biofuels industry. While we avoided a rail strike last month, we will continue to monitor the rail-labor situation to ensure uninterrupted delivery of low-cost, low-carbon fuel to American drivers. |
U.S. DOE Proposes Guidance on Clean Hydrogen Production Standard (CHPS) |
The U.S. Department of Energy (DOE) has proposed guidance on the Clean Hydrogen Production Standard (CHPS). In the guidance, DOE specifies the use of the Argonne GREET model to assess the lifecycle emissions of clean hydrogen and alignment with section 45V (Clean Hydrogen Production Credit) of the Inflation Reduction Act (IRA). Growth Energy will be submitting a comment in response to reinforce the use of the Argonne GREET model in DOE's work with Treasury on IRA provisions.
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Growth Energy Submits Comments on Washington State Proposal for 100% Sale of ZEV by 2035 |
In the wake of California's announcement to move to 100% sales of zero emissions vehicles (ZEV) by 2035, several states may follow California’s ACE II regulation in the coming months and years through another special provision of the Clean Air Act, Section 177, that gives States the authority to incorporate all or part of California regulations covered by a waiver. Washington state is one of these states, and has accordingly issued its proposal to follow California's regulation requiring 100% sales of zero emission vehicles by 2035. In response, Growth Energy submitted a comment to continue to promote the use of higher biofuel blends as a means to reduce greenhouse gas emissions from cars on the road today.
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Growth Energy will be submitting a similar comment to the state of Oregon on Friday. |
For more information, please contact Senior Vice President of Regulatory Affairs Chris Bliley. |
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Growth Energy Applauds Senate Push for Stronger Renewable Fuel Standard |
Yesterday, Growth Energy thanked 13 senators, led by Sens. Dick Durbin (D-Ill.) and John Thune (R-S.D.), who sent a bipartisan letter to the U.S. Environmental Protection Agency (EPA) calling for “robust and expanded” biofuel blending requirements in the forthcoming “Set” rule under the Renewable Fuel Standard (RFS). The lawmakers also urged the agency to extend year-round sales of E15, improve lifecycle emissions modeling, and swiftly approve advanced biofuel pathways.
“A stronger RFS means more savings at the pump for working families, lower carbon emissions, and greater U.S. energy security,” said Growth Energy CEO Emily Skor. “We’re grateful to Senators Durbin, Thune, and other clean energy champions working to deliver the regulatory certainty we need to fast-track growth in the U.S. bioeconomy and shield motorists from volatile global oil prices.
“This is a vital opportunity to drive transformative progress in low-carbon transportation, and we look forward to working with EPA Administrator Regan, the White House, and leaders on Capitol Hill to tap the full potential of the RFS as a climate and energy solution.” |
For more information, please contact Vice President of Government Affairs John Fuher. |
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CEO Emily Skor Celebrates Recent Market Development Milestones in Ethanol Producer Magazine |
In a recent opinion piece in Ethanol Producer Magazine, CEO Emily Skor highlighted recent goings on in Growth Energy's market development efforts, including major new investments in higher biofuel blends, exciting retailer retreat, and a new vice president of market development to the team.
"The summer driving season may be over, but market development opportunities for higher bioethanol blends are growing faster than ever," wrote Skor. "With this summer’s spike in fuel costs and the conflict in Ukraine, regulators are recognizing what we already knew—market expansion of biofuels has the power to drive down prices at the pump, provide greater energy independence and help us reach our climate ambitions." |
For more information, please contact Senior Vice President of Market Development Mike Lorenz. |
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The Weekly Rundown is the weekly newsletter for Growth Energy's members. It is published weekly by the communications staff at Growth Energy. For more information, email team@growthenergy.org or visit our website GrowthEnergy.org.
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