Wednesday, April 05, 2017

Gasoline stations team up to fight ethanol mandate change

More than two dozen companies that run or license gas stations are teaming up to fight a proposed change to the federal ethanol mandate that could hurt them. The Main Street Energy Alliance launched Wednesday, with members including Cumberland Farms, Sheetz Inc., QuikTrip, BP, 7 Eleven Inc., the National Association of Convenience Stores and the truck stop lobbying group NATSO. It is fighting an Environmental Protection Agency (EPA) proposal that would shift the burden of complying with the federal ethanol blending mandate to fuel sellers — like the companies in the coalition — instead of refining companies. The proposal to shift the so-called point of obligation for the Renewable Fuel Standard (RFS) has a high-profile backer: billionaire investor and President Trump adviser Carl Icahn. His fuel refining company, CVR Energy, stands to gain millions of dollars a year if the proposal is implemented...more

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