U.S. exports of ethanol (denatured and undenatured, non-beverage) totaled 53.6 million gallons (mg) in October, up 8.6% from September and the highest since July. Canada was again the top destination. Year-to-date exports stood at 643.3 mg, implying an annual total of 772 mg.
Bob Dinneen, President and CEO of the Renewable Fuels Association (RFA), appeared in a joint interview today with Bob Darbelnet, President and CEO of the American Automobile Association (AAA), on CNBC's “Closing Bell”. Mr. Dinneen rebuked recent comments made by the auto club, which insisted that E15 damages vehicles.
Food groups have been running a scare campaign against ethanol and the RFS, preying on the emotions of American consumers. Data show that food prices are NOT increasing abnormally and the average household pays less of its income on food today than it did 10 years ago.
Posted in Renewable Fuel Standard