Sales of E15 Fuel Up This Summer
USAgNet - 08/09/2019
Data released Wednesday by the Minnesota Department of Commerce prove that the marketplace is already responding to President Trump's elimination of a decades-old regulatory barrier severely limiting the sale of E15 in the summertime.
In June 2019-the first month following elimination of the summertime E15 restriction-sales of the blend virtually doubled when compared to June 2018. At the same time, the Minnesota data show that the wave of Renewable Fuel Standard compliance
exemptions granted to oil refiners is suppressing more rapid expansion of E15 and other higher-level ethanol blends.
For the first time ever, E15 sales volumes did not plummet in June, as the Environmental Protection Agency issued a rule on May 31 finally allowing retailers to continue offering E15 throughout the summer months. Sales of E15 jumped from 3.66 million gallons
in June 2018 to 6.30 million gallons in June 2019, according to the data. The number of Minnesota stations selling E15 also increased by 18 percent during that period.
From December 2018 through May 2019, E15 sales per station per day were 13% lower, on average, than the average during the same period the year before. Not coincidentally, RIN prices were three times lower in the period of lower E15 sales.