E15 blending nationwide will increase ethanol blending, which will increase the supply of RIN credits and help bring down their price, says ACE CEO.
President Donald Trump publicly pledged his support of allowing the sale of E15 year-round.
The American Coalition for Ethanol (ACE) CEO Brian Jennings released the following statement:
“ACE has been calling for a legislative or administrative fix to this outdated regulatory burden for a long time now, and we’re grateful the president has publicly expressed his support to help the industry move in a positive direction. Allowing the sale of E15 year-round is not only a commonsense step to provide regulatory relief to retailers, it is a win for their customers, who save about a nickel to a dime with each gallon of E15 at the pump. It is also the quickest way to take pressure off RIN prices. E15 blending nationwide will increase ethanol blending, which will increase the supply of RIN credits and help bring down their price. E15 is a clean and safe fuel with lower evaporative emissions than E10 and straight gasoline and will help further decrease tailpipe emissions.
“There’s a clear recognition of refinery wins in the form of so-called hardship waivers and collapsing RIN prices have caused real damage in rural America — it is time to allow E15 to be sold year-round. We look forward to participating in the process to finally make E15 sales year-round a reality.”