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On August 25, 2016, researchers at the University of Michigan, led by research professor John M. DeCicco, Ph.D., published "Carbon balance effects of U.S. biofuel production and use," a study examining the impact of biofuel production on carbon dioxide (CO2) emissions. The study, funded in part by the American Petroleum Institute, examined USDA crop-production data and determined that the increasing use of biofuels has resulted in a net increase of CO2 emissions, with only 37...

On August 11, 2015, the U.S. Energy Information Administration (EIA) released the Short Term Energy Outlook (STEO) report. The report outlined expectations for regular gasoline to average a retail price of $2.41 for all of 2015, with prices for the fourth quarter of 2015 averaging $2.11. Consistently low gasoline prices, in addition to the proposed Renewable Fuel Standard volumes that were announced on May 29, 2015, have resulted in the EIA forecasting that ethanol consumption...