The Administration recently made changes that biofuel groups say will help keep fuel prices down. Blending requirements came in well-above industry expectations, and it is a move analysts say will lift up soybean growers, but they warn it will not happen overnight.
“I think this really is a long well, at least it’s a multi-year, you know, step in a domestic demand increase picture to help support soybean prices,” said Ben Brown, Extension Agricultural Economist - University of Missouri.
The EPA is accepting public comments before any action can be taken on those blending proposals. The cutoff date to voice your concerns is August 8th.
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EPA Administrator Lee Zeldin, in consultation with the U.S. Department of Energy and under the Clean Air Act, approved the temporary measure to help stabilize fuel supplies and reduce costs for consumers.
