U.S. ethanol, corn rise with E15 blend: study

Reuters
Mon Jun 1, 2009 1:27pm EDT

WASHINGTON (Reuters) - U.S. corn and fuel ethanol prices would rise by 4 cents each if gasoline contained a 15 percent blend of the renewable fuel instead of the current 10 percent, said a University of Missouri think tank.

Ethanol groups have petitioned the Environmental Protection Agency to increase the blend to as high as 15 percent. They say a higher blend rate will help the industry through the recession, assure federal mandates for ethanol use are met and pave the way for next-generation feedstocks such as switchgrass.

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