How will farmers and ethanol producers benefit from summertime E15 fuel sales?
The Environmental Protection Agency has signed emergency waivers to allow the sale of E15-blended fuel this summer.
That is going to be a big help for the pocketbooks of both consumers and producers. E15 sells between $0.10-$0.60 less per gallon. Chris Biley of Growth Energy tells us how this move will impact producers specifically.
“Additional E15 access means more gallons, more bushels ultimately if we were to move to an E15 nationwide. That’s seven billion additional gallons and 2.5 billion bushels of corn.”
Savings on fuel is essential for farmers this summer as other input costs continue to rise amid the war in Ukraine, supply chain shortages, and inflation.