Senate Introduces Transformational Bill to Improve the Environment while Reducing Fuel Costs: Next Generation Fuels Act (NGFA)
In a step forward for energy security, the environment and the nation’s consumers, Senator Charles Grassley (R-Iowa), with the support of Senators Tammy Duckworth (D-IL), Amy Klobuchar (D-MN), and Joni Ernst (R-IA), today introduced the Next Generation Fuels Act in the U.S. Senate. This piece of legislation paves the way for corn-based ethanol to be an important part of our nation’s renewable energy future. Illinois Corn Growers Association President Marty Marr, a farmer in Central Illinois, made the following statement:
“The Next Generation Fuels Act is a game changing piece of legislation. This bill is instrumental in helping automakers improve efficiency of vehicles, reduce CO2 emissions, and comply with stricter vehicle standards. The higher-octane fuel required in this legislation enables engines to get more miles per gallon. That increased fuel efficiency along with higher ethanol blends reduces emissions and fuel costs.”
As gas prices climbed to all-time highs, ethanol has been priced about $1 per gallon less than unblended gasoline at wholesale, and drivers are saving 30 to 40 cents or more per gallon where retailers offer E15. Next Generation Fuels Act removes barriers to even higher ethanol blends giving consumers more choices at the pump.
“We are thankful for Senator Duckworth’s support on NGFA. She is a leader who understands that farmers can make a large impact lessening everyone’s monetary burden at the pump while reducing greenhouse gas emissions. We would also like to thank the original sponsor Senator Charles Grassley (R-Iowa) and other supporters of the bill Amy Klobuchar (D-MN), and Joni Ernst (R-IA).”