Biofuel groups are laying out the numbers, showing the potential for big savings this summer with E15.
Growth Energy CEO Emily Skor says Americans stand to save more than $10 billion this summer. It follows an emergency waiver issued earlier this year, which allowed sales to continue throughout the summer.
In Iowa, the group estimates drivers could save up to $140 million on fuel costs this summer. In Illinois, those estimates jumped to more than $400 million in savings.
Despite the good numbers, Skor says it is time for Congress to pass permanent legislation, allowing unrestricted access to E15.
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Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
The agreement is expected to formally take effect on Friday, and markets will continue watching for signs that shipping traffic and global energy flows are returning to normal.
USDA Secretary Brooke Rollins recently told senators that 45Z guidance remains a priority, while also reaffirming support for year-round E15.
Global markets react to events in the Middle East as world leaders gather at the G7 Summit, affecting agriculture, energy, and trade. RealAg Radio’s Shaun Haney joins us to discuss the developments and their potential impact on agriculture.
