Key Lawmaker Won’t Push to Cut Ethanol Tariff

Washington, DC [Reuters] In a big win for U.S. ethanol producers, House Majority Leader John Boehner said on Monday he will not push legislation to reduce the U.S. tariff on ethanol imports. U.S. oil refiners are scrambling to secure ethanol supplies to mix with gasoline this summer as they switch from using the water-polluting fuel additive MTBE. But the Energy Department has warned that U.S. ethanol supplies will fall short and refiners will need to rely on more imports. Boehner, who is from Ohio, said last week that the United States was not producing enough ethanol to meet demand and that a temporary reduction in the 54-cent-a-gallon tariff could help boost available supplies and lower gasoline prices. …

No posts to display