It has been nearly 15 years since the Environmental Protection Agency approved the sale of 15% ethanol blended fuel (E15) for 2001 model year cars and older, and nearly every state in the nation now sells it, often at a discount to regular gasoline. The only state that bans the sale of E15 is California, despite the fact that the Golden State sells more E85 than any other state, and suffers from the highest gas prices in the country.
The Renewable Fuels Association just released a new study, conducted by economists at UC Berkeley and the U.S. Naval Academy, that found California drivers could expect to save 20 cents per gallon if the state allowed sales of E15 – and the potential savings for California consumers could reach $2.7 billion a year.
In this edition of the Ethanol Report, RFA Chief Economist Scott Richman explains the results of the study, and RFA President and CEO Geoff Cooper talks about how they are continuing to work with California regulators to help them meet air quality standards and save consumers money at the same time.
Ethanol Report 7-12-24 25:16The Ethanol Report is a podcast about the latest news and information in the ethanol industry that has been sponsored by the Renewable Fuels Association since 2008.
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