RFA says hardship waivers led to $2.3 billion in industry losses between February and August

November 26, 2018 |

In Washington, the Renewable Fuels Association estimates that demand destruction for ethanol resulting from hardship waivers granted by the Environmental Protection Agency in 2017 led to a loss of $2.3 billion in revenues for the ethanol industry between February and August 2018. RFA analysis shows that following a peak blending rate of 10.8% in January, it fell to as low as 9.5% in April and only once passed 10% through June. This lack of demand cut prices by 8 cents per gallon in February but later grew to 34 cents per gallon in June and through the rest of the summer.

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Category: Policy

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