Oil Industry Group Warns US Is Running Into Biofuel ‘Blend Wall’

摘要

The American Petroleum Institute (API) says the US is already running into a so-called "blend wall" -- a point at which oil refiners are using up all of the ethanol available to be blended into gasoline for sale to consumers. The trade association said this has caused a big increase in prices for credits that refiners can purchase to obtain compliance with the US Renewable Fuel Standard (RFS) -- a regulation that requires biofuels to be blended into motor fuels.