As demand for gasoline demand is hitting new records, two court decisions put ethanol’s optimism on a detour in the short-term, reports AgWeb.
The two court rulings were released exactly one week apart. The first, from the Supreme Court, which overturned a lower court ruling that had thrown out some small refinery exemptions that were issued by the Trump Administration.
But the ruling that came a week later from the D.C. District court overturned the Trump Administration’s decision to allow the sale of E15 year-round, a ruling that could have a bigger impact on ethanol demand.
The hurdle to clear sales of E15 during the summer driving season was a priority of biofuels industry for nearly a decade.
Read the full report here.
