As part of a comprehensive domestic energy strategy, corn ethanol helps to diversify America’s fuel supply, reduce our dependence on foreign oil and foster a more vibrant economy. Ethanol has become an essential component of the U.S. motor fuel market. Today, ethanol is blended into more than 90 percent of the nation’s fuel, and is sold from coast to coast and border to border. The U.S. industry supports over 380,000 jobs around the country, 87,000 of which are directly employed by the production of ethanol. In addition, over $43 billion was contributed to our nation’s Gross Domestic Product last year.
In 2012, 13.3 billion gallons of American ethanol displaced the need for 465 million barrels of foreign oil. That alone is valued at over $47 billion.
- Protect and defend the Renewable Fuel Standard.
- Expand consumer fuel choice by investing in biofuels infrastructure and increasing the number of flex-fuel vehicles.
AG Round Up