As OMB conducts its review of the 2014 RFS final rule, a new paper by Iowa State economists shows that White House fears of higher RIN prices causing higher gas prices are completely unfounded.
RFA is once again partnering with the U.S. Grains Council to host the 2014 Export Exchange, a three-day conference in late October that brings together hundreds of buyers and end-users of U.S. coarse grains and co-products.
Some biofuel critics continue to claim corn ethanol is “not economical.” Perhaps they haven’t noticed that wholesale ethanol prices have been an average of $0.71 per gallon lower than wholesale gasoline prices so far this year. Or maybe they didn’t notice that for the first time in nearly eight years, a bushel of corn—the primary input in the ethanol process—costs less than a gallon of gasoline. The price of a 56-pound bushel of corn, which yields 2.8 gallons of ethanol, averaged just $3.57 in July, while the national average price for a gallon of regular gasoline hit $3.61.
Geoff Cooper breaks down why the conclusions from the new CBO report on the RFS are largely based on a careless analysis that relies on unsupported assumptions.
U.S. ethanol shipments in April totaled 66.4 million gallons (mg), down 21% from March. Imports for the month totaled 15.9 mg, the highest level since September 2013.
James Conca’s recent article in Forbes badly mischaracterizes the recent IPCC reports and rehashes long-disproven myths and misinformation about corn ethanol. RFA responded with facts.