The summer E15 waiver could save Americans $10 billion nationwide, says Growth Energy

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.

Related Stories
A transition from traditional, technology-specific subsidies toward a performance-based, technology-neutral framework
The USDA’s February WASDE report looms as the CME Ag Economy Barometer shows declining farmer confidence, and more ag industry groups calling for swift policy action.
U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.
Clearer 45Z rules favor U.S. oilseeds, but final RFS volumes remain critical to locking in demand.
Strong rail demand and higher fuel costs raise transportation risk even as barge and export flows stabilize.
Strong White House backing supports ethanol demand, but timing now hinges on Congress resolving procedural — at the same time as they push toward a spending bill to avert another federal government shutdown.
Lewis Williamson of HTS Commodities joined us with an update on the historic winter storm impacts and his outlook on today’s ag markets.
Year-round E15 remains on the table, but procedural caution and competing regional interests pushed action into a slower, negotiated path.
Strong production and rising stocks may pressure ethanol margins unless demand or exports continue to improve.

LATEST STORIES BY THIS AUTHOR:

This Week in Louisiana Agriculture shows us why breaking even is going to be a challenge for corn producers across the state.
Raising crops requires hard work and dedication, and the same can be said for raising a child. In Virginia, a group of moms is leading the way in combining nurturing with farming.
The amendments affect BLM lands in several Western states. Comments on the Sage grouse proposals can be made to the BLM National NEPA Register until Oct. 3.
Mike Formica with the National Pork Producers Council joined us on Market Day Report with his reaction to the EPA’s rollback of a Biden-era wastewater discharge mitigation plan.
Farmers are struggling with low commodity prices and skyrocketing input costs, resulting in debt that is outpacing income across the sector, according to the USDA’s new farm income forecast.