API, Farm Groups Urge Year-Round E15 Sales as Pump Prices Hit $4.06/Gal

Energy, farm, and retail groups pressed Congress on April 24 for year-round E15 gasoline sales to counter $4.06/gal pump prices from Iran conflict disruptions, submitting a Farm Bill amendment to the House Rules Committee. This builds on a April 21 Republican proposal for nationwide E15 access, limiting biofuel mandate exemptions and potentially cutting crude-derived gasoline demand. EPA waivers have enabled E15 since late March, with Growth Energy estimating $0.30/gal consumer savings to ease futures pressure. Refiners resist over compliance costs, while prior news lifted stocks like VLO (+3.14%) and ADM (+2.14%). Broader E15 adoption signals modest oil demand downside.