E15 is a fuel standard that increases ethanol blending in gasoline from the current 10% (E10) to 15%, which would significantly increase corn demand for ethanol production, potentially absorbing up to 2.4 billion additional bushels of corn annually and helping to lower fuel prices.
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There is some things, like one of the things that they were really wanting to get in the farm bill. I don't know if I think it was also pulled out of the farm bill. They were hoping to get it in there was the E15 year-round thing. And I know there's people that have different thoughts on this.
>> [clears throat] >> But, here's some of the like big takeaways on that cuz I got some notes on the E15 deal.
People that don't know they're listening, E15 right now we have E10.
And ethanol.
10% ethanol blended into gasoline at most every fuel station unless you're going somewhere where specifically ethanol-free. Yes. And this would literally just increase that to 15% ethanol.
And some of >> Which would obviously help, you know, with corn demand. Um And it it should help with fuel prices. Right. Right. Yeah.
Yeah. It would soak up a lot of the corn supplies. Um there'd be more corn would go into ethanol production. Um Yes. And so that's what So right now, 33% of the total US corn production goes to ethanol, which I didn't realize it was that big of a chunk. So it says authorizing permanent E15 would increase that demand for up to 2.4 billion bushels per year.
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