The Environmental Protection Agency is holding a hearing Thursday to receive testimony on a proposal that would lower the required amount of ethanol in the fuel supply for the first time ever.
The required amount is now 13 billion gallons, which is the total saturation at E10, or fuel with 10 percent ethanol, which is standard at pumps today, John McKnight, environmental and safety compliance director for the National Marine Manufacturers Association, told Soundings.
Raising the amount of ethanol required in the fuel supply for next year could force fuel to go up to E15, or 15 percent ethanol, and even higher beyond that. If refineries don’t increase the amount of ethanol in the supply, the price of gas will rise, McKnight says.
The Renewable Fuel Standard — the law passed by Congress in 2007 — requires the amount of biofuels used in the fuel supply to numerically increase each year despite the fact that U.S. fuel consumption is actually dropping. The target was to hit 36 billion gallons of ethanol and biofuels by 2022.