EPA proposes lowering ethanol requirement

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Updated: 11/26/2013 7:23 pm
Drivers may soon see a change at the pump, and it's not gas prices we're talking about. 

The Environmental Protection Agency proposed lowering the amount of ethanol required to be blended with gasoline to between 12.7 and 13.2 billion gallons. 

A 2007 law requires refiners to blend more than 14 billion gallons into the nation's gasoline supply in 2014. Jay Yates, Texas A&M AgriLife Extension specialist, said those levels were set based on consumption at that time. Now, he said they are too high, and if oil companies don't use that amount, they must pay a penalty. 

"What it will do is reduce the amount of penalties the oil companies are paying," Yates said. "And really, without them paying the penalties, they pass those penalties through to the consumer on gas prices. So, it should actually help lower gas prices. Not drastically, but it could be another couple of cents a gallon."

yates said if the proposal is approved, the reduced ethanol demand will not affect the ethanol plants in our region. 
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