The Renewable Fuel Standard law as passed in 2005 mandated refiners blend a minimum of 7.5 billion gallons of renewable fuels by 2012. In 2007 the law was updated to mandate a minimum of 36 billion gallons by 2036. In 2011 the refiners were approximately 1 billion gallons in excess of the mandate for which they get credit.
As long as they are in excess of the mandate they do not need to blend renewable fuel (ethanol) with their gasoline. They are free to sell straight non-ethanol gasoline as long as they meet their mandate, after which the EPA is authorized to in force the fine.
The law has been updated since 2007 however I believe many/most refiners are still in excess of the mandate. So, no state law just a Ferderal mandate (minmumm) that needs to be met to avoid a fine. As I understand it refiners could actually sell all straight gasoline if they choose to pay the fine. That would suggest that if ethanol price rose significantly above that of gasoline, refiners could pay the fine and still sell straight gasoline at a lower cost than blended.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
