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What's Behind the EPA's New 4-Gallon Minimum Purchase Mandate?
The latest mandate handed down from the Environmental Protection Agency (EPA) is so ridiculous, even I was shocked. The EPA has now mandated how much gasoline you must buy at certain gas stations. Say hello to the Obama Administration’s four gallon minimum.
So what's this all about? Well, the ethanol industry has been lobbying for a quite a while to sell E15 — a blend of 85% gasoline and 15% ethanol. Why? Because they want to sell more ethanol, and E15 contains more ethanol than the current E10 blend. But they're not the only ones in favor of E15. The Renewable Fuel Standard, passed in 2007, requires ever greater use of ethanol, and refineries are afraid that before long they won't be able to meet the RFS standards unless they can sell the E15 blend.
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