Following reports that gas prices are on the rise, U.S. Senator Joe Donnelly on Monday urged President Trump to take an important step towards addressing the price surge by reducing regulatory burdens around the blending of biofuels. Current regulations on Reid Vapor Pressure (RVP) prevent most retailers from selling American-made fuels like E15 during the summer months, driving up the cost to consumers at the pump. In March 2017, Donnelly, along with Agriculture Committee members Senator Deb Fischer (R-NE) and Chuck Grassley (R-IA) introduced the Consumer and Fuel Retailer Choice Act. The bill would extend the Reid vapor pressure (RVP) waiver to ethanol blends above 10 percent. This would increase market access opportunities for higher blends of ethanol. It would allow retailers across the country to sell E15 and other higher-ethanol/gasoline fuel blends year-round, increasing regulatory certainty and eliminating confusion at the pump.
May 22nd, 2018|Local News|