Reynolds: Record sales of ethanol-blended fuel shows its effectiveness

(The Center Square) – Sales of gasoline with 15% ethanol content grew 49.2% from 2022 to 2023, a statistic Gov. Kim Reynolds said shows the effectiveness of the biofuel.

The 2023 Retailers Fuel Gallons Annual Report from the Iowa Department of Revenue shows that 13.3% of all gas sales in 2023 were E15 blends or higher.

“Biofuels not only play a huge role in Iowa’s agriculture economy, but provide Iowans with a cheaper alternative to regular fuel. Iowa was the first state in the country to adopt an E15 standard,” Reynolds said in a statement Thursday. “As the Biden Administration ignores homegrown E15 in favor of oil imported from foreign adversaries, the success of E15 in Iowa should show the Biden Administration just how effective E15 can be for consumers across the country.”

Attorney General Brenna Bird announced last month the state was ending its lawsuit against the Biden administration over year-round sales of E15 after an agreement that would allow Iowa to sell the cheaper fuel during the summer months beginning in 2025.

“I should not have to sue Biden in the first place to get him to follow the law, but I am glad that he finally did the right thing by permitting the sale of E15 gasoline during the summer months,” Bird said. “This win is long overdue and goes out to the hard-working farmers and families across the state who will reap the benefits.”

- Advertisement -

E15 fuel is allowed in vehicles made since 2001, according to the U.S. Department of Energy. It’s available at more than 3,000 gas stations in 31 states. Taxpayers subsidize the biofuel via the Volumetric Ethanol Excise Tax Credit among other incentives.

Nearly 96% of the 1,873 Iowa gasoline retailers sold at least one ethanol blend, according to the Iowa DOR report. Twenty-two counties reported biofuel sales between 15% and 24.99%.

Overall, 2.17 billion gallons of gas were sold in Iowa in 2023, the report said.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Bill to ban high school NIL now in Ohio House

(The Center Square) – A little more than a...

Election 2026: Cooper accused of releasing Brown among 9,000 prisoners

(The Center Square) – Release five years ago of...

New York county walks back ‘sanctuary’ proposal amid backlash

(The Center Square) — An upstate New York county...

Fulton County seeks return of seized voting records

(The Center Square) – A battle between President Trump...

Report: Arizona see more than twice the national job growth

(The Center Square) - Arizona’s job growth increased at...

HHS to invest $100M in Great American Recovery

(The Center Square) - The U.S. Department of Health...

Trump tells Iranian leaders they ‘should be very worried’

Iran’s leadership “should be very worried,” President Donald Trump...

Nurses demand inclusion in professional degree definition

(The Center Square) – The American Nurses Association is...

More like this
Related

Bill to ban high school NIL now in Ohio House

(The Center Square) – A little more than a...

Election 2026: Cooper accused of releasing Brown among 9,000 prisoners

(The Center Square) – Release five years ago of...

New York county walks back ‘sanctuary’ proposal amid backlash

(The Center Square) — An upstate New York county...

Fulton County seeks return of seized voting records

(The Center Square) – A battle between President Trump...