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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Record ethanol production and improving blending demand continue to support corn usage despite rising short-term inventories.
U.S. Secretary of Agriculture Brooke Rollins said permanent access to the higher ethanol blend would provide farmers with much-needed certainty while supporting domestic crop demand.
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