Archive for April 20th, 2009

Why Big Oil Should Not be Allowed to Monopolize the Blender’s Tax Credit

Posted on April 20, 2009. Filed under: Blender's Tax Credit, Field-to-Pump | Tags: , , , , , |

Why Big Oil Should Not be Allowed to Monopolize the Blender’s Tax Credit By Brian J. Donovan Renergie April 20, 2009   The issue is whether state legislatures should allow oil companies, or affiliates of oil companies, to have a monopoly on blending fuel ethanol with unblended gasoline.   The American Jobs Creation Act of [...]

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    The Blender’s Tax Credit provides a credit against federal gasoline taxes that is worth 45 cents for every gallon of ethanol blended into the gasoline pool. The issue is whether an oil company or refiner, or an affiliate of such oil company or refiner, has a monopoly on blending fuel ethanol with unblended gasoline.

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