Wednesday, September 26, 2012

Minnesota Ethanol Producers Running on Empty


                                   HAPPY THURSDAY READERS!  

The predominate news I'm picking up on an almost daily basis these days is about how the ethanol industry has fallen on hard times.  Most are not even breaking even and many have shutdown or running their plants a much lower than full production rates.  Minnesota appears to have been hit especially hard.  That State has 21 ethanol plants in the State.  As you see from this article, they are trying any way possible to supplement their revenue by any and all means possible.  No doubt the severe drought has had a significant impart on the ethanol business because of the loss of a large percentage of the corn crop, driving up the price of corn, their basis feed stock.

I'd personally like to see the EPA ethanol mandate disappear and let the free marketplace determine who wants ethanol gas and who doesn't.  That would determine the production requirements for ethanol production.  BUT, this is a "VERY HOT POTATO" issue amongst politicians, ESPECIALLY in an election year.

"Pete"
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Minnesota Ethanol Producers Running on Empty 

September 25, 2012
High corn prices and lagging prices for ethanol lead to the second consecutive losing quarter for Minnesota’s ethanol producers.       
      
MINNEAPOLIS, MN – Minnesota’s ethanol producers recorded their second losing quarter in a row, the Star Tribune reports. Their losses come amidst high corn prices and lagging prices for ethanol.  "The conditions are tough at best," said Brian Kletscher, CEO of Highwater Ethanol, whose plant in Lamberton, Minn., posted a net loss of $1 million last quarter.

According to Christianson & Associates, a firm that tracks ethanol producers, the production of ethanol is no longer a break-even proposition. "The big story is that the cost of the corn is higher on a per-gallon basis than what we can sell the ethanol for," said John Christianson, principal at Christianson & Associates. "That dynamic happened in the first two quarters of 2012."

To improve their fortunes, ethanol producers have been relying more on the sales of an animal feed byproduct, called distillers’ grains, and industrial corn oil. Some plants also sell carbon dioxide captured from fermentation.  Sales of these byproducts accounted for 23% of ethanol plant revenues in 2012, up from 16% in 2008, Christianson said.

One of Minnesota’s hardest hit plants is BioFuel Energy Corp. in Fairmont that reported nearly $11 million in losses on revenues of $123 million.

Small producers have also been hit hard, with Granit Falls Energy losing $566,000 in the second quarter, which followed a profitable first-quarter, the only company to report a profit in the Star Tribune’s first-quarter survey. Two other single-plant companies also reported losses.
Ethanol prices have dropped up to 16% compared with the year-earlier quarter, with part of the decline the result of fuel blenders who went on a buying binge at the end of last year in order to collect expiring federal tax credits. That created an oversupply in the market that had lasting effects into the second quarter.

Larry Johnson, an ethanol industry consultant, said corn prices recently dipped below $8, which bodes well for the industry. To save money on corn, many ethanol producers are purchasing directly from farmers and adding storage facilities to hold it.
Minnesota has 21 ethanol plants, including one that is closed.       

Tuesday, September 25, 2012

Ethanol, Facing Difficult Political Atmosphere, Steps up Lobbying Activity


                        HAVE A GREAT WEDNESDAY READERS!

We're getting closer and closer to November 6th!  This is what most people believe the MOST IMPORTANT election in our life time.  We have a choice of continuing the path we're on and likely have to declare bankruptcy in another 4 years or less, or we can give a different leader the opportunity to "right the ship"!   It is critical for our Country that we make the right choice.

The ethanol folks are starting to "panic" due to stronger and stronger efforts to either overturn the EPA's ethanol mandate or cut it way back.  Due to a number of factors I"ve discussed before, ethanol plants have fallen on "hard times".  Many are losing money and many have been forced to shutdown.  So, what does the ethanol industry do?  They lobby to try to put pressure on Congress NOT to change the EPA ethanol mandate.  I believe they need to let the free market dictate how ethanol is used.  Give the consumers a choice.  Currently, we DON'T have a choice..........it is being "shoved down our throats"!  It's interesting to see how they take credit for reducing our crude oil import by 10%, the amount of ethanol in gas currently.  BUT, they fail to take into account the reduced gas mileage (~8% highway/10-12% around town).  So, if you have to refuel your car more often due to the poorer mileage of ethanol gas, how do you account for reducing the crude oil imports by 10%?  They don't ever address that issue.

Here's an article on the ethanol industry's approach to their problem

"Pete"
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BY ANDREW HOLLAND ON SEP 13, 2012
Ethanol, Facing Difficult Political Atmosphere, Steps up Lobbying Activity

The ethanol industry has seen its position in Washington severely weakened over the last year. The modern ethanol industry is a creation of Congress; the Renewable Fuels Standard (RFS), the ethanol tax credit, and a tariff on imported ethanol were all responsible for creating the ethanol industry we see today. We should note that this industry has seen some remarkable successes: it has replaced almost 10% of the country’s gasoline fuel supply, with an impact on prices that is marginal at best.
It is important to note that more advanced biofuels still receive tax support: cellulosic ethanol receives $1.01 per gallon in tax credits, but that is set to expire at the end of this year. A Senate bill would extend that credit for a year, as well as retroactively re-instate the $1 per gallon biodiesel tax credit that expired at the end of last year. The fate of these credits is up in the air, as Congress will have to consider a broad range of tax policy questions before the ‘fiscal cliff’ coming this year.

Elimination of Tax Credit and Tariff
Back to traditional ethanol. The ethanol tax credit and the tariff were eliminated at the end of 2011. (See also: Understanding the Ethanol Tariff Issue) The tax credit provided a financial incentive for refiners to blend ethanol into fuel, while the tariff had the effect of allowing a domestic industry to grow without competition from more efficient sugar cane ethanol (most commonly from Brazil).
Now, with both of those gone, the sole remaining support for ethanol is the RFS. The RFS forces refiners to blend a certain amount of ethanol into the fuel supply (15.2 billion gallons in 2012), and includes penalties on refiners if they do not. Politically, this has had the effect of turning the refiners (represented in Washington by API, the American Petroleum Institute) against renewable fuel. They were never strongly in support of ethanol, but until last year they at least received tax credits for blending it.
Opposition is now starting to build against the RFS among ethanol’s usual opponents, ranging from API and the refiners to groups that compete with ethanol for access to corn like the American Meat Association or the Pork Producers. The ethanol industry sees this and realizes that the RFS will be in the crosshairs next year. So, as Congress has returned this week, the ethanol industry is trying to flex its muscles to head off any challenge.

Stepped-Up Lobbying
The Advanced Ethanol Council held a ‘fly-in’ this week to have its members meet with the Administration (including the White House) and Members of Congress. Growth Energy is also bringing in its members to support the industry – and the RFS specifically – on the Hill.
Even more interesting is a report that some major players in the industry have hired the Glover Park Group to craft a long-term communications campaign to support ethanol. Ironically, GPG is the lobbying/communications firm responsible for a 2008 campaign, supported by the Grocery Manufacturers Association, which demonized ethanol for pushing food prices up. GPG is a strongly Democratic firm, and this is a clear signal that the ethanol lobby sees Republicans moving away from the RFS (even though the Romney Campaign does not support a repeal), and they are looking to shore-up support among Democrats.
Overall, I think this will boil down to an argument about economics and politics. Ethanol has always won on the politics, but its losses on economics have undercut it. Now – as we see the price of ethanol falling even though the drought has harmed corn crops, there is less of a problem with the economics. This is a mature industry. But, if this becomes a partisan issue, then they are starting to lose the political argument. (See also: How to Fix the Broken Cellulosic Ethanol Incentive System)

Monday, September 24, 2012

Biofuel Energy idles Minnesota ethanol plant


Well, yet another ethanol manufacturing plant "bites the dust"!  Loss of tax credits and subsidies, the severe drought in corn producing States and sky high corn prices are squeezing profits on many plants so much, many are operating in "the red" and are being forced to shutdown.  I lost count, but I think that well over 15-20 plants have either shutdown altogether or "idled" to minimum production capacity.

I do hope that with a new President and hopefully a conservative Congress and Senate after the November 6th elections, that inroads can be made in either eliminating this EPA's ethanol mandate madness or at least reducing it substantially.

"Pete"
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Biofuel Energy idles Minnesota ethanol plant


Sept 24 | Tue Sep 25, 2012 - Reuters

(Reuters) - Ethanol producer Biofuel Energy Corp said it has decided to idle its Fairmont, Minnesota, facility due to weakening margins as corn prices continue to soar.
"Commodity margins have continued to weaken as the impact of the drought in the Corn Belt continues and ethanol remains in surplus," said Chief Executive Scott Pearce.
Drought has ravaged this year's U.S. corn crop, which is used in food products, livestock feed as well as to produce ethanol, pushing up the prices of the commodity.

(Read full article here:  http://in.reuters.com/article/2012/09/24/biofuel-plantclosure-idINL4E8KO7DM20120924

Sunday, September 23, 2012

SAINTS AND LSU - WHAT A SHOCKING WEEKEND!


   THE SAINTS 0-3?  WOW!  AND, LSU ALMOST GETTING BEAT IN AUBURN?

What a shocking weekend for our south Louisiana football teams!  Who would have ever thought at the beginning of the season that the Saints would be 0-3 after the first three games of the regular season?  Maybe the loss of Coach Sean Payton is having a much greater impact than first expected?   Only time will tell.

And then LSU!  Were it not for a a locker room speech by Sam Montgomery at half time that apparently inspired a great defensive 2nd half for the Tigers, Auburn would surely have defeated LSU.  Very sloppy game with far too many mistakes and penalties.  If Coach Miles can't get these things under control, it's going to be a very loooong season with a lot of question marks.  By the way, LSU dropped to #3, behind Oregon in today's two polls, with Bama still #1. I thought they might drop lower than that after the poor showing on Saturday in Auburn.

I had hoped to be able to announce that we would be launching our new and totally re-designed website today.  But, my webmaster is a little behind so we may not be ready until October 1st it now appears.

I've posted several articles in the past year about several very bad accidents with the transportation of ethanol to refiners and blenders.  Now, the ethanol industry is trying to focus these incidents on faulty rail car design.  I'm not sure everyone is aware that ethanol CANNOT be transported via pipeline like so many other hydrocarbon products.  This is due to ethanol's  corrosive properties.  It would damage pipelines, so it has to be moved by tank car and tank trucks.  Of course, this increases the risk of accidents and subsequent spills and fires.  Here's an article dealing with rail tank car design issues.

"Pete"
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Ethanol tankers have dangerous flaw

18 hours ago  •  By JASON KEYSER • Associated Press

CHICAGO • For two decades, one of the most commonly used types of rail tanker has been allowed to haul hazardous liquids from coast to coast even though transportation officials were aware of a dangerous design flaw that almost guarantees the car will tear open in an accident, potentially spilling cargo that could catch fire, explode or contaminate the environment.
The rail and chemical industries have committed to a safer design for new tankers but are pressing regulators not to require modifications to tens of thousands of current cars.
The pressure comes despite a spike in the number of accidents as more tankers are put into service to accommodate soaring demand for ethanol, the highly flammable corn-based fuel usually transported by rail.
Derailments have triggered chemical spills and massive blasts such as one in July in Columbus, Ohio, which blew up with such intensity that one witness said it "looked like the sun exploded."
Some towns with busy railways are beginning to regard the tankers as a serious threat to public safety.
"There's a law of averages that gives me great concern," said Jim Arie, fire chief in Barrington, a wealthy Chicago suburb where ethanol tankers snake through a bustling downtown. "Sometimes I don't sleep well at night."
He's not the only one. The town's mayor is trying to build a national coalition to push for safety reforms.

The tanker, known as the DOT-111, is a workhorse of the American rail fleet, with a soda-can shape that makes it one of the most easily recognizable cars on freight routes.
The tanker itself is not suspected of causing derailments, but the National Transportation Safety Board has noted several worrisome problems: Its steel shell is too thin to resist puncture in accidents. The ends are especially vulnerable to tears from couplers that can fly up after ripping off between cars. And unloading valves and other exposed fittings on the tops of tankers can also break during rollovers.
The flaws were noted as far back as a 1991 safety study.

An Associated Press analysis of 20 years' worth of federal rail accident data found that ethanol tankers have been breached in at least 40 serious accidents since 2000. In the previous decade, there were just two breaches.
The number of severe crashes is small considering the total mileage covered by the many tankers in service, and the rail industry's safety record on shipments of hazardous materials is strong. More than 99 percent of hazmat rail shipments arrive safely at their destinations.
But the accident reports show that since 1996 at least two people have been killed by balls of flame, with dozens more hurt. And the risk of greater losses looms large.

The rail and chemical industries and tanker manufacturers have voluntarily committed to safety changes for cars built after October 2011 to transport ethanol and crude oil. The improvements include thicker tank shells and shields on the ends of tanks to prevent punctures.
Under the industry proposal to regulators, the 30,000 to 45,000 current ethanol tankers — including many cars that have only recently begun their decades-long service lives — would remain unchanged.
In March, the NTSB asked for the higher standards to be applied to all tankers, meaning current cars would have to be retrofitted or phased out.
The industry's proposal "ignores the safety risks posed by the current fleet," the NTSB said in a report on safety recommendations.

Friday, September 21, 2012

GAME DAY READERS!


                                              GAME DAY READERS!  

                          GEAUX TIGERS

If you all don't follow the website "DandyDon.com", check it out for all LSU sports activities.

While LSU (3-0) opens a 20 1/2 favorite, all LSU fans should recall how LSU vs Auburn is ALWAYS a very crazy and unpredictable game!   But, Auburn (1-2) has not looked very good in it's first 3 games against the run.  And, we know the GREAT "stable" of running backs LSU has, even without Alfred Blue, who may be out 4-6 weeks from the injury he sustained in the last game.  This will be Zach Mettenberger's first test against an SEC defense. It will be interesting to see how he performs.  Should be a GREAT game!  The game kicks off at 6:00 pm CST on national television on ESPN.

Back to ethanol..........the ethanol plants continue to suffer and are having a very hard time making a profit since losing their taxpayer subsidies on Jan 1, 2012.  Here's an article on the ethanol plants in Minnesota and how they are continuing to report losses.  How much longer can  they survive reporting losses remains to be seen.  The "tides" are continuing to turn against ethanol.  The American public are finally beginning to see that this was the "worst scam ever perputated on the American public".  And, more and more Congressmen and Senators are turning against the EPA's "forced ethanol mandates", which are forcing food prices skyrocket.

"Pete"
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Ethanol takes a thrashing in Minnesota
Article by: DAVID SHAFFER , Star Tribune 
Updated: September 21, 2012 - 9:35 PM

High corn costs and low prices doubly crush state's producers.
Minnesota's ethanol makers are caught in an unprofitable squeeze.
Seven producers tracked by the Star Tribune have reported net losses for the quarter ending in June or July, the second bad quarter in a row.

Across the industry, companies are pressured on two sides -- high prices for corn, their single largest cost, and lagging prices for ethanol, their main product.


(Read full article here:  http://www.startribune.com/business/170784556.html?refer=y

Thursday, September 20, 2012

U.S. and Brazil: At last, friends on ethanol


                                      TGIF AGAIN READERS!

This week has really flown by.  High school football tomorrow night and college football all day Saturday.  Our LSU Tigers will be playing Auburn Saturday at Auburn at 6:00 pm CST on ESPN.  This will be LSU's first test in SEC play this season.  Odds makers have LSU heavily favored........we'll see.  Auburn is 1-2 so far this season, barely squeaking a win over UL Monroe last weekend in OT.  If LSU does not make a lot of mistakes, they should easily beat Auburn.

I've mentioned before that Brazil is the largest producer of ethanol next to the US.  Their ethanol is made exclusively from sugar cane while US ethanol is made exclusively from corn.  Due to huge increases in corn prices, it is likely that the US will be importing ethanol from Brazil this year since it can be imported into the us (without the tariffs that existed prior to 2012) at a cheaper price than can be produced in the US due to such high corn prices.  Here's an article on the US/Brazilian relationship in the ethanol business.

"Pete"
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U.S. and Brazil: At last, friends on ethanol
Brian Winter, Reuters  |   September 17, 2012

After years at each other's throats, Brazil and the United States are working together to promote the use of ethanol in a collaboration that could revolutionize global markets and the makeup of the biofuel itself.

The breakthrough came in January when Washington allowed a three-decade-old subsidy for U.S. ethanol producers to expire and ended a steep tariff on foreign biofuels. The tariff, in particular, had poisoned diplomatic relations between the world's top two ethanol-producing countries for years.

Since then, industry executives and government officials from both countries have seen tangible progress in efforts to boost the production and consumption of ethanol around the world, they told Reuters.

The two nations have been lobbying foreign governments to create new markets in Africa and Latin America, planning joint "road shows" to attract new investments in biofuel companies, and pushing for a uniform global standard for ethanol, which could make it easier to trade the biofuel across borders.

Results may still be years away, but officials say the collaboration might breathe some new life into an industry facing an uncertain future because of chronic production shortfalls and doubts about the environmental benefits of many biofuels.

"I think there's a clear sense now that we should be collaborating instead of fighting each other," said Terry Branstad, governor of Iowa, the top U.S. ethanol-producing state.

After a July meeting with senior officials in Brazil, "I was very encouraged by what I heard," he said in an interview. "The more we cooperate, the more we can grow the worldwide demand for what we produce."

Plinio Nastari, the head of respected Brazilian sugar analysis firm Datagro, said he was particularly encouraged by the joint efforts to develop additional ethanol producers.

Because Brazil and the United States account for about 85 percent of global ethanol production, one-time events like the current U.S. drought can cause wild swings in supply - and prices.

"That holds up ethanol from becoming a widely traded commodity," Nastari said.

Many of the ideas for collaboration date back to a 2007 bilateral agreement signed by previous Brazilian and U.S. governments. Yet progress was slow until this year as diplomats and other officials often spent time hashing out disputes instead of finding ways to work together.

"Unfortunately, the tariff issue made it impossible to move forward on many of these (subjects)," said Geraldine Kutas, head of international affairs for Unica, Brazil's main sugar cane industry association. "The conditions are right, now. This is the moment of truth."

THROUGHOUT THE TROPICS

The most promising effort is also the one that has shown the most visible progress: trying to get countries in Central America, the Caribbean and Africa to produce and consume more ethanol.

Officials from the U.S. Department of State, Department of Energy and the private sector, and their Brazilian equivalents, have been working together to convince other governments of ethanol's benefits.

"We're trying to show other nations what ethanol has meant for our economies," Iowa Governor Branstad said. "In our state, it's helped boost our farmers' income and reduce our dependency on foreign oil. Those are ideas with a lot of appeal."

Sugar cane, the main source of ethanol made in Brazil, already grows in many of the countries seen as potential producers of the biofuel.

Cane produces more energy than it consumes during the ethanol-making process, unlike corn, the basis for U.S. ethanol.

Homegrown ethanol holds obvious appeal for small, poor countries that import most of their energy at enormous costs. Honduras, for example, spent $2.1 billion - 12 percent of its gross domestic product - on fuel imports in 2011.

However, producers and other investors generally refuse to build ethanol mills and other infrastructure unless they have a guaranteed domestic market.

"And implementation of that framework gets to be very technical and difficult," Unica's Kutas said.

One example: In the 1980s, Guatemala passed a law mandating a blend of ethanol in gasoline but has rarely enforced it because of bottlenecks that include a separate law capping the amount of the sugar cane crop that can be used for biofuels.

To resolve such problems, the Brazilian and U.S. governments have helped finance and produce studies of the countries' ability to create and sustain ethanol production. Honduras, Guatemala and El Salvador are where the most progress has been made, diplomats say.

"We have deep contacts in many of these countries, but the Brazilians have the expertise on sugar," said a U.S. official who requested anonymity because the negotiations are politically sensitive. "When we work together, as we have been lately ... it's pretty powerful."

THE NEXT FRONTIER: CUBA?

Brazil and the United States have stepped up their lobbying in recent months. Pilot ethanol programs to introduce the biofuel to consumers with blend requirements are set to begin in three countries, starting in Honduras by early 2013, another U.S. official said.

To accelerate the process, Brazil and the United States are planning presentations in coming months to attract new investors interested in biofuel projects in the three countries, officials said.

Brazil's growing diplomatic clout has been critical to opening doors in countries where the nation has deep strategic or cultural connections, such as Senegal, Mozambique and Haiti. And it is uniquely equipped to exert influence in Cuba.

Cuba's once-mighty sugar industry has deteriorated in recent decades under communist rule, but Rice University economist Ron Soligo has said the country has the potential to become the world's No. 3 ethanol producer behind the United States and Brazil.

While Washington has had little diplomatic contact with Cuba in the past five decades, Brazil has a tradition of warm political and economic ties with the Caribbean nation. President Dilma Rousseff visited Havana in January and spoke of how Brazil can help Cuba develop its economy.

Large-scale ethanol production has been largely taboo in Cuba, in part because former President Fidel Castro has denounced it as a "sinister" idea that drives up global food prices. Yet some Brazilian officials say that stance could change dramatically once the 86-year-old leader withdraws from politics.

"Everybody knows that Cuba is an ethanol bonanza waiting to happen," said a Brazilian official who requested anonymity. "We'll be ready."

MERCANTILE EXCHANGES

Separately, Brazil and the United States are addressing obstacles that have prevented ethanol from becoming a globally traded commodity like oil.

The only ethanol futures trading on the Chicago Board of Trade are for the U.S.-produced corn variety. As a result, U.S. companies that buy Brazilian ethanol must often do so through brokers or purchase complex forms of insurance to limit their risks - all of which make deals more expensive.

The sticking point: Brazil requires higher purity levels for ethanol than the United States does. This lack of a global standard has created a host of other problems, such as delays in the development of universal flex-fuel cars that can use either ethanol or gasoline.

But officials from both countries said technicians had made substantial progress toward a common standard in recent months.

"We're very close now," a U.S. official said, adding that the focus of negotiations has now moved to Europe, where the talks have been more contentious.

At the same time, a flurry of U.S.-Brazil collaboration has taken root in the private sector as companies try to create more-efficient biofuels from a variety of sources and with more uses.

Brazil's cane-based ethanol is seen as a more fertile ground for innovation, while U.S. companies have more resources for research and development.

U.S. plane maker Boeing Co and Brazilian counterpart Embraer announced plans last October to build a research center for developing biofuels for aviation.

Renewable fuel made by Emeryville, California-based Amyris Inc powered a demonstration flight by an Embraer jet at a big United Nations environmental conference in Rio de Janeiro in June.

Solazyme Inc is involved in the Pentagon's biofuel efforts. The South San Francisco, California, company broke ground on a 100,000-tonne sugar-to-oil facility in Brazil in June as part of a joint venture with agriculture group Bunge Ltd .

Brazil and U.S. officials have been brokering frequent introductory coffees and dinners to match up companies from the two countries.

"The Americans seem to be here almost every week," said Adhemar Altieri, a spokesman for Brazil sugar cane association Unica. "We're hearing almost as much English as Portuguese around here these days."

Joint efforts may also be forming to increase academic and research collaboration on biofuels.

Debi Durham, an economic aide to the Iowa governor, said that after returning from Brazil, she contacted the president of Iowa State University to encourage the school to admit more Brazilian students in the sciences - a priority of Rousseff's. (Additional reporting by Leonardo Goy and Reese Ewing; Editing by Lisa Von Ahn)




Wednesday, September 19, 2012

EPA Institutes Minimum Gas Purchase Requirement For Some Stations


                 HOW FAST THIS WEEK IS GOING - THURSDAY ALREADY!

Guess everyone has heard by now that the person who called in the bomb threat at LSU on Monday that forced the evacuation of the entire university has been arrested.  It was not an LSU student, but a 42 year old man.  He admitted he made the call.  Bond has been set at $1 million.  What possesses someone to do this?  I'm sure as time goes on, we'll learn his real motive.

In the event you have not yet heard, the EPA is now mandating a minimum amount of gas that you can buy!  Here is the story.

"Pete"
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EPA Institutes Minimum Gas Purchase Requirement For Some Stations
By Betsy Woodruff
September 18, 2012 5:50 P.M.

Representative Jim Sensenbrenner (R., Wis.) has a post on the Hill’s Congress Blog highlighting a bizarre new regulation from the EPA requiring some gas stations to sell at least four gallons of gasoline at a time. It affects those that pump both E10 and E15 (gas with 10 percent or 15 percent ethanol) through the same hose. Since E15 is pretty terrible for small engines and old cars (Sensenbrenner says it’s “like metal in a microwave for a small engine”), the theory is that when customers whose engines cannot handle it are buying gas, the four-gallon minimum would dilute any residual E15 enough to keep it from damaging small engines. 

That all presents a few problems, since some motorcycles don’t even hold four gallons and some people only want to fill up one- or two-gallon fuel cans for boats, lawn mowers, etc.
It’s a historic moment for the EPA, though, as they’ve never actually forced people to buy anything before. “The EPA’s first-ever mandated purchase requirement appears to have been conceived outside the normal regulatory process,” Sensenbrenner wrote, “making this unprecedented government overreach even more offensive.” He added that the White House pushed E15 into the marketplace, despite the serious
problems it can cause for drivers of old cars and motorcycles. It’s just another great example of how ugly things get when unelected bureaucrats involve themselves in the most minute decisions of individuals, like how much gas they want to buy and whether or not they want to have corn in it. Thanks, Obama!