By Matt Reese
There are plenty of good-natured (and sometimes not-so-good-natured) debates within agriculture. In the current climate of jaw-dropping fuel prices and skyrocketing corn prices, though, few discussions generate stronger feelings within agricultural circles than ethanol.
President Joe Biden recently announced that the Environmental Protection Agency is planning to allow E15 gasoline to be sold this summer through an emergency waiver as part of a broader plan to address soaring fuel costs. Ethanol proponents, of course, are pushing for much more, suggesting that bumping up a third of the nation’s fuel supply from 10% to 15% ethanol would help lower prices at the pump, address air quality concerns and replace oil previously imported from Russia. Ethanol opponents have come forth with the typical concerns.
Here are some facts from both sides of the debate to consider as ethanol discussions are sure to continue in 2022.
• At current prices, E15 can save about 10 cents per gallon of gas on average, and many stations sell E15 at an even greater discount. … Continue readingRead More »