March 14, 2024
BY Minnesota Bio-Fuels Association
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Unleaded 88’s average discount to 87 octane fuel in 2024 yielded $24.26 million in savings at the pump for Minnesota drivers, according to MN Biofuels. The average price of the fuel blend was 17 cents per gallon lower than 87 octane last year.
Iowa Secretary of Agriculture Mike Naig announced on April 16 that he has authored two letters that were delivered to the Trump Administration and Congressional leadership in support of nationwide access to E15 (Unleaded 88).
U.S. ethanol exports have crossed the 1-billion-gallon threshold halfway through Marketing Year (MY) 2024/2025, a 27% increase from the same period in MY 2023-‘2024, according to new information from the USDA.
U.S. fuel ethanol production was down 1% the week ending April 11, according to data released by the U.S. Energy Information Administration on April 16. Stocks of fuel ethanol were also down 1% and exports were down 21%.
The government of Vietnam on March 31 issued a decree reducing the the country’s Most-Favored-Nation import tariff rates for a variety of commodities and products, including ethanol. The MFN rates apply to imports from the U.S.