U.S. ethanol exports totaled 56.7 million gallons in September, up 5% from the previous month. Year-to-date exports stood at 590.1 mg, an increase of more than 40% compared to the same period last year.
API claims the fracking boom has extended U.S. supplies and lowered gas prices, but there are two major problems with this argument. Government data tell a different story that makes API’s claims test the basic principles of supply & demand, and API now counters its past assertions about, you guessed it, ethanol for doing what they state to be doing: saving consumers money.
CARB continues to hold out hope for a flood of Brazilian sugarcane ethanol imports, but does sugarcane ethanol’s dubious environmental benefits justify the cost to California consumers?
The new documentary explores the history of U.S. fueling infrastructure and shows what we can do to diversify our options at the pump.
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.