July 3, 2022
Fargo, US 82 F

Growth Energy Applauds House Effort to Cut Fuel Costs with U.S. Biofuels

WASHINGTON, D.C. – Growth Energy CEO Emily Skor welcomed House passage of H.R. 7606, the Lower Food and Fuel Costs Act. The legislation includes key provisions that would permanently lift barriers to year-round sales of E15, a lower-cost 15 percent bioethanol-blended fuel. This bill also authorizes $200 million for infrastructure funding that will increase access to higher biofuel blends.

“As oil prices surge around the world, higher blends of ethanol offer a lower-cost, lower-emission option for hardworking families across America,” said Skor. “Over the past few months, we’ve seen E15 deliver savings approaching $0.60 per gallon in some areas of the country. This legislation would solidify those savings and bring relief to more drivers nationwide. We’re grateful to our champions in Congress for advancing bipartisan solutions to unleash the power of American biofuels to combat skyrocketing gas prices.”

Background

H.R. 7606, the Lower Food and Fuel Costs Act, contains important legislation introduced by Rep. Angie Craig (D-Minn.) and Adrian Smith (R-Neb.) to extend the one-pound volatility waiver, already available to E10, to fuels containing more than 10 percent bioethanol. In addition, it authorizes $200 million for biofuel infrastructure, in line with the Renewable Fuel Infrastructure Investment and Market Expansion Act of 2021 (H.R. 1542) introduced by Reps. Cindy Axne (D-Iowa) and Rodney Davis (R-Ill.).

Previous Article

RFA Thanks House for Supporting Expansion of Lower-Cost E15 Fuel Blend

Next Article

USDA will Partner with Ukraine to Strengthen Agricultural Collaboration and Fight Global Food Insecurity