June 18, 2012
Line graph shows that corn prices have trended upward since late 2005 (source: Congressional Research Service)
The Environmental Protection Agency (EPA) just announced the final Renewable Fuel Standard (RFS) volumes for 2019, and it’s clear the agency is pushing us in the wrong direction.
Twenty senators wrote to President Trump last week cautioning against an EPA plan to change Clean Air Act rules and pump more ethanol into the fuel market. Expanding the sale of gasoline with 15 percent ethanol (E15) year-round, is misguided, one-sided and a completely inadequate “fix” to the serious, recurring problems with the Renewable Fuel Standard (RFS).
The ethanol industry has matured enough to ride alongside the big kids in fuel production. It’s time to remove the training wheels. Corn ethanol doesn’t need a mandate to remain competitive.