Gas to the US market tops 10% ethanol twice in four weeks
Americans are buying more ethanol at the pump — and that’s a good thing, especially considering the October Pink Out promotion that’s raising funds for (and awareness of) breast cancer. This story and more in your weekly bioenergy news roundup!
US market sees highest recorded ethanol blend rate
The Energy Information Administration (EIA) has reported that gasoline supplied to the U.S. market last week contained an average of 10.4% ethanol, the second time in the last four weeks that the ethanol blend rate topped 10%.
EIA data show that an average of 8.798 million barrels per day (mbpd) of gasoline were supplied to the market last week. Ethanol blending averaged 0.915 mbpd, meaning gasoline contained an average of 10.4% ethanol. This is the highest weekly blend rate on record, topping the 10.21% rate reported just three weeks earlier.
For more on this story, visit Biofuels Digest.
Sheetz selected as MobileCARE award winner
The award recognizes individuals and organizations that have successfully reduced transportation-related emissions, promoted fuel diversity and encourage efficiency through clean transportation technologies.
Sheetz specifically received the award for their distribution of E15/E85 across the state of North Carolina. Recently, Sheetz has also been in the news for offering E15 — gasoline that contains 15% ethanol — at 61 of its North Carolina locations, and also, along with several other retailers, for donating a portion of each E15 sale during the month of October to organizations fighting breast cancer.
BIO asks Congress to extend biofuel tax incentives
The Biotechnology Industry Organization (BIO) has sent a letter to congressional leaders calling for the extension of renewable energy tax credits that are currently set to expire at the end of the year.
The letter urges a multi-year extension of a variety of biofuel-related tax credits, including the second generation biofuel producer tax credit, the special depreciation allowance for second generation biofuel plant property, the biodiesel and renewable diesel fuels credit and the alternative fuel vehicle refueling property credit.
In the letter, BIO says that, to encourage further growth, the advanced biofuels industry will require additional support and greater policy certainty moving forward. But, the letter also notes that the U.S. biofuels industry creates $184.5 billion of economic output, 852,056 jobs, $46.2 billion in wages and $14.5 billion in taxes each year.
For more details, check Ethanol Producer Magazine.
Latest posts by Geoff Hayward (see all)
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- Biofuels providing jobs, boosting state economies - February 28, 2018