Ethanol gas standard in jeopardy?
This summer’s drought has caused livestock feed prices to soar and livestock producers are feeling the heat on their bottom lines as well. In order to lower feed prices, producers are asking the U.S. EPA to waive the Renewable Fuels Standards, which requires 13.2 billion gallons of ethanol to be added to gasoline this year. If past years are any indication, they shound not expect any action from the agency. For example, in 2008 the EPA did not issue a waiver even though corn prices rose due to increased fuel, fertilizer and other costs.
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