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On Thursday President Biden announced his plan to lower prices at the pump across the country. Recent international conflict has pushed gas prices to record levels. In the plan released toady, the President did not include using the EPA’s emergency authority to lift summertime restrictions on E15, a fuel blend currently selling for 10 to 30 cents less per gallon than E10 in Iowa. Without EPA action, E15 will not be sold after June 1 in roughly 60 percent of the country, including Iowa.
In response to today’s announcement, Iowa Renewable Fuels Association Executive Director Monte Shaw made the following statement:
“We are disappointed President Biden failed to include American biofuels in his plan to reduce fuel prices. Lifting restrictions on E15 this summer would be a win for consumers, farmers, and American energy security. We strongly urge the President to take immediate action to include this step in his plan. There is still time to act.”
