Growth Energy says EIA’s Annual Energy Outlook 2018 sees bright future for biofuels

February 15, 2018 |

In Washington, federal forecasts in the U.S. Energy Information Administration’s (EIA) newly released Annual Energy Outlook 2018 (AEO2018) demonstrate a clear and growing need for U.S. biofuels says Chris Bliley, vice president of regulatory affairs at Growth Energy.

The EIA “reference” case, which contains projections through 2050 based on current trends and regulations, predicts an 18 percent increase in miles traveled by U.S. motorists in traditional light-duty vehicles. That’s an increase from 2.8 trillion miles in 2017 to 3.3 trillion miles in 2050. EIA also reports that “Retail prices of motor gasoline and diesel fuel are projected to increase from 2018 to 2050 in the reference case, largely because of expected increases in crude oil prices.”

“Blending more homegrown, cost-efficient biofuels into the fuel supply is the ready-made solution to lowering prices at the pump while also dramatically reducing emissions,” Bliley said.

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Category: Policy

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