South Carolina fuel marketers fight oil majors over ethanol blending credit

In South Carolina, a fight has erupted between the S.C. Petroleum Marketers Association and major oil companies over who blends ethanol and receives a 5.1 cent per gallon tax credit.  “This 5 cents a gallon is crucial to the survival of the smaller petroleum marketers here in the state,” Sam Bell, president of the SCPMA, told groupstate.com. “That’s a nickel that allows us to be competitive and goes back into our businesses and to our employees, and it stays in South Carolina’s economy. The big oil companies are going to take that away from us and it’s going to end up in London, Houston and The Netherlands.”

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