The U.S. Renewable Fuel Standard (RFS) laws are not working and there is an &quo...
HOUSTON - The U.S. Renewable Fuel Standard laws are not working and there is an “opportunity for a reset” of the standard in Washington, Marathon Petroleum Corp Chief Executive Gary Heminger said on Tuesday.
The RFS requires refineries to blend fuels with ethanol to reduce pollution, or pay for credits to subsidize those that do that blending. The Trump Administration has attempted to reform the standard, but has maintained much of the existing framework of the law due to support from corn producers in Iowa and other farming states.“We need the octane,” he said. “Ethanol is a great source of octane. Ethanol shouldn’t be mandated.”
Heminger said he expected U.S. refiners would begin building an inventory of the new maritime diesel fuel by the middle of 2019 to prepare for the change in marine fuel mandated by the International Maritime Organization .
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Nerves fray, tempers flare as Venezuela blackout hits fourth dayFurious Venezuelans lined up to buy water and fuel on Sunday as the country ente...
Lire la suite »
Michigan governor defends proposal for steep fuel tax riseDemocratic Gov. Gretchen Whitmer on Tuesday defended her proposal to nearly triple Michigan's per-gallon gasoline tax to make it the highest in the nation, promising no more 'shell games' or 'half measures' to reverse the deteriorating condition of the roads. The proposal — the centerpiece...
Lire la suite »
Tesla to drop fuel savings ad for Model 3: German industry associationElectric carmaker Tesla has committed to stop using fuel savings estimates to ad...
Lire la suite »
U.S. auto fleet hit record high fuel efficiency in 2017The U.S. Environmental Protection Agency said on Wednesday that the average fuel...
Lire la suite »
Tiny Stock Moves Fuel Jitters About Market MomentumDaily stock moves have fallen sharply following last quarter’s volatility, stoking worries that the market is losing momentum.
Lire la suite »
White House presses automakers to back fuel-efficiency rollbackAutomakers are pushing back against the Trump administration’s effort to freeze fuel efficiency standards for cars and light trucks – one of the president’s most ambitious efforts to overturn Obama’s environmental agenda.
Lire la suite »
Tesla dropped fuel savings from Model 3 price after a German industry group said they were misleadingTesla's prices reflect 5,000 euros worth of estimated gas savings, but an industry group of German automakers said the practice could be misleading.
Lire la suite »
Uber Partner Picks Up $1.5 Billion From SoftBankSoutheast Asian ride-hailing company Grab Holdings has raised $1.46 billion in fresh funding from Japan’s SoftBank, which it will use to fuel its expansion beyond transportation services.
Lire la suite »