A federal rule change requested by Iowa Gov. Kim Reynolds will result in a fuel cost increase of 2-12 cents per gallon for ethanol blends, according to the EPA.
Governors from eight Midwestern states began arguing three years ago that allowing E-15 year-round sales could help drop fuel prices for consumers at the pump.
A federal rule change requested by Iowa Gov. Kim Reynolds will result in a fuel cost increase of 2-12 cents per gallon for ethanol blends, according to the EPA.
Citing government and trade sources, a Reuters report said that lower diversion for ethanol will help the world s second-biggest sugar producer in increasing output of the sweetener, which is expected to fall because of below-normal rainfall in key growing states.